Present Value of the Future Amount
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37. Given some amount to be received several years in the future, if the interest rate increases, the present value of the future amount will be (pick the best answer)
1 higher
2 lower
3 stay the same
4 cannot tell
5 variable
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Solution Summary
This solution provides a brief explanation for why the present value will be lower.
Education
- BA, Ain Shams University, Cairo Egypt
- MBA, California State University, Sacramento
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