If the Discount (Or Interest) Rate Is Positive, the Present

question 123

True/False

If the discount (or interest) rate is positive, the present value of an expected series of payments will always exceed the future value of the same series.

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Definitions:

Chronological Age

The actual age of an individual measured in years from their date of birth to the current date.

Flynn Effect

The rise in average IQ scores that has occurred over the decades in many nations.

IQ Scores

Numerical measures of intelligence relative to one's age group, derived from standardized tests.

Past Century

Referring to the last hundred years from the current point in time.