Other things equal, the _____ the loan period, the _____ the present value.
A)shorter; lower
B)longer; higher
C)longer; lower
D)shorter; more variable

Name: Other things equal, the _____ the loan period, the _____ the present value. A)shorter; lower B)longer; higher C)longer; lower D)shorter; more variable
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Question

Quizplus · Accepted Answer

The longer the loan period, the lower the present value because the money is discounted over a longer period, reducing its present worth.

Other Things Equal, the _____ the Loan Period, the _____

Other Things Equal, the _ the Loan Period, the _