The present value of a future sum decreases as either the discount rate or the number of periods per year increases.

Name: The present value of a future sum decreases as either the discount rate or the number of periods per year increases.
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This is because a higher discount rate or more frequent periods of discounting will result in a smaller present value, as the value of money is worth less in the future due to inflation and opportunity costs of waiting to receive the sum.

The Present Value of a Future Sum Decreases as Either