The present value at 6 percent interest rate would be higher than the present value at 3 percent interest rate for the same person.

Name: The present value at 6 percent interest rate would be higher than the present value at 3 percent interest rate for the same person.
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Question

Quizplus · Accepted Answer

The present value decreases as the interest rate increases, so a 6 percent interest rate would result in a lower present value compared to a 3 percent interest rate for the same amount and time period.

The Present Value at 6 Percent Interest Rate Would Be