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Which of the following statements is true with respect to the present value of a future amount? The lower the discount rate, the lower the

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Which of the following statements is true with respect to the present value of a future amount? The lower the discount rate, the lower the present value of a single sum for a given time period. The greater the time period, the higher the present value of a single sum for a given interest rate. The relationship between present value and time is exponential. The higher the discount rate, the higher the present value of a single sum for a given time period

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