The Time Value of Money Suggests​ ​

question 7

Multiple Choice

The time value of money suggests​ ​

• A) that the present is less attractive than the future
• B) ​individuals prefer a dollar in the present to a dollar in the future
• C) ​the present value of an annuity is negative
• D) ​annuities are worth less than lump sums

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Definitions:

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The scientific study of the mind and behavior, including examining human and animal behavior through observation, experimentation, and analysis.

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The American Psychological Association, a leading scientific and professional organization representing psychology in the United States, with the aim to advance and disseminate psychological knowledge for the betterment of people.