If the discount (or interest)rate is positive, the present value of an expected series of payments will always exceed the future value of the same series.

Question

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The present value of an expected series of payments will be less than the future value of the same series if the discount (or interest) rate is positive, because the present value discounts future payments back to their worth in today's dollars, making them smaller in comparison to their future value.

If the Discount (Or Interest)rate Is Positive, the Present Value