Question
Which one of the following will increase the present value of a lump sum future amount? Assume the interest rate is a positive value and
Which one of the following will increase the present value of a lump sum future amount? Assume the interest rate is a positive value and all interest is reinvested.
Increase in the time period
Increase in the interest rate
Decrease in the future value
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
