Kizspy | Question: 31 (Choose 1 answer)
Which of the following statements is true with respect to the present value of a future amount?
A. The higher the discount rate, the higher the present value of a single sum for a given time period.
B. The relationship between present value and time is exponential.
C. The greater the time period, the higher the present value of a single sum for a given interest rate.
D. The lower the discount rate, the lower the present value of a single sum for a given time period.
