The ________ the time period, the ________ is the present value of a given future payment, all other things held constant.

Name: The ________ the time period, the ________ is the present value of a given future payment, all other things held constant.
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Question

Quizplus · Accepted Answer

This is because the longer the time period, the greater the uncertainty about future events and inflation, which leads to a lower present value. Conversely, for shorter time periods, there is less uncertainty, which leads to a higher present value.

The ________ the Time Period, the ________ Is the Present

The the Time Period, the Is the Present