The Present Value of a Given Future Stream of Benefits

question 58

Multiple Choice

The present value of a given future stream of benefits will be lower when the benefits are and the interest rate is .

• A) accruing in the first time period only; lower
• B) more distant in time; lower
• C) more distant in time; higher
• D) nearer in time; lower
• E) equalized over a ten- year period; zero

---

Definitions:

Honesty

The quality of being truthful, transparent, and free from deceit in one’s actions and statements.

Obligation

A duty or commitment that compels someone to act in a certain way, often based on moral or legal reasons.

Stronger Apology

A more impactful and sincere expression of regret for a mistake or wrongdoing.

Responsibility

The state or fact of being accountable or to blame for something, entailing the obligation to carry out duties or tasks.