Which Factor Would Be Greater - the Present Value of $1

question 83

Multiple Choice

Which factor would be greater - the present value of $1 for 10 periods at 8% per period or the future value of $1 for 10 periods at 8% per period?

• A) Present value of $1 for 10 periods at 8% per period.
• B) Future value of $1 for 10 periods at 8% per period.
• C) The factors are the same.
• D) Need more information.

---

Definitions:

FASB

The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the United States.

Statement

A written or documented representation of facts or opinions, especially financial in nature.

Discussion Memorandum

A document prepared to outline topics or issues for discussion, often used in accounting and policy setting environments.