As the time period until receipt of an amount of money increases, the present value of the amount at a fixed interest rate
A) remains the same.
B) increases.
C) decreases.
D) not enough information to make a decision.
Answer: C
Business
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What type of annuity payment option provides a guaranteed income to the annuitant for life and, if the annuitant dies before the annuity is depleted, a lump-sum cash payment to the annuitant's beneficiary?
A) Period certain option B) Cash refund option C) Straight life option D) Installment refund option
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The main dimensions of the VALS segmentation framework are consumer motivation and consumer resources
Indicate whether the statement is true or false
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