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Phydeaux Phydeaux
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6 years ago
The present value of a future payment of money will be lower the
A) higher the interest rate or the further in the future the payment.
B) lower the interest rate or the further in the future the payment.
C) higher the interest rate or the nearer the date of the future payment.
D) lower the interest rate or the nearer the date of the future payment.
E) lower the interest rate, independent of the date of the future payment.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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#1
6 years ago
A
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