Assuming positive interest rates,a present value of $1,000
A)is always more desirable to a future value of $1,000.
B)is always less desirable than a future value of $1,000.
C)is no more or no less desirable than a future value of $1,000.
D)You can't answer without more information.

Question

Quizplus · Accepted Answer

Assuming positive interest rates, the present value of $1,000 is more desirable than a future value of $1,000 because the present value can be invested, earning interest, and potentially growing to a higher future value.

Assuming Positive Interest Rates,a Present Value of $1,000