If the Interest Rate Remains Constant,the Present Value of a Dollar

question 45

Multiple Choice

If the interest rate remains constant,the present value of a dollar

• A) declines as the length of time increases before the dollar is received.
• B) is unaffected by the length of time before the dollar is received.
• C) rises as the length of time increases before the dollar is received.
• D) is calculated by dividing the interest rate by one, raised to the power of the number of years in the future the money will be received.
• E) is calculated by multiplying the interest rate per dollar by the number of dollars to be received.

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