For a given rate of discount, the further in the future a cash flow is to be paid, the lower the present value.

Men tend to describe events that had occurred within the preceding week, and frequently identified more information transaction

a. true b. false

The fee charged by a mortgage broker to arrange a loan is a(n)

A) prepayment penalty. B) advance interest payment. C) loan origination fee. D) prepayment of mortgage insurance