ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Which of the following changes would increase the present value of a future payment?
an increase in the amount of time that elapses before receiving the payment |
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a decrease in the interest rate |
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a decrease in the size of the payment |
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a decrease in the certainty of the payment actually being received |
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