GEN COMBO LL FUNDAMENTALS OF FINANCIAL ACCOUNTING; CONNECT ACCESS CARD
GEN COMBO LL FUNDAMENTALS OF FINANCIAL ACCOUNTING; CONNECT ACCESS CARD
6th Edition
ISBN: 9781260260083
Author: Fred Phillips Associate Professor
Publisher: McGraw-Hill Education
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Chapter C, Problem 8MC

Which of the following statements is true?

  1. a. When the interest rate increases, the present value of a single amount decreases.
  2. b. When the number of interest periods increases, the present value of a single amount increases.
  3. c. When the interest rate increases, the present value of an annuity increases.
  4. d. None of the above are true.
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