The Only Difference Between the Present Value and Future Value

question 109

True/False

The only difference between the present value and future value of a lump sum is the amount of interest that is earned in the intervening time span.

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Definitions:

Social Darwinist

A belief system that applies Darwin's theory of natural selection to society, suggesting that humans compete in a struggle for existence in which only the fittest survive.

Dawes Act

A 1887 U.S. law aimed at assimilating Native Americans into American society by distributing tribal lands to individual members.

Haymarket Affair

A violent confrontation between police and labor protesters in Chicago in 1886, which became a symbol of the struggle for workers' rights.