All factors in a present value of a single sum table are less than 1.000.

Name: All factors in a present value of a single sum table are less than 1.000.
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Quizplus · Accepted Answer

This is true because the present value of a single sum represents the current value of a future payment or lump sum, which is discounted by a certain interest rate. As the time period increases or the interest rate decreases, the present value factor will be less than 1.000.

All Factors in a Present Value of a Single Sum