The _____ the period, the _____ is the present value of a given future payment, all other things held constant.
A)longer; less
B)shorter; less
C)longer; more
D)shorter; the more uncertain

Name: The _____ the period, the _____ is the present value of a given future payment, all other things held constant. A)longer; less B)shorter; less C)longer; more D)shorter; the more uncertain
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Question

Quizplus · Accepted Answer

The longer the period until a future payment is received, the less its present value, due to the time value of money.

The _____ the Period, the _____ Is the Present Value

The _ the Period, the _ Is the Present Value