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Which of the following statements is correct regarding time value of money? a. The future value of a series of fixed payments will be less

Which of the following statements is correct regarding time value of money?

a.

The future value of a series of fixed payments will be less than its expected future value.
b.

The future value of an annuity will be equal to its present value.
c.

The present value of a series of fixed payments will be greater than its expected future value.
d.

The present value of a series of fixed payments will be less than its expected future value.

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