The Present Value of a Future Payment of Money Will

question 33

Multiple Choice

The present value of a future payment of money will be higher the

• A)higher the interest rate or the further in the future the payment.
• B)lower the interest rate or the further in the future the payment.
• C)higher the interest rate or the nearer the date of the future payment.
• D)lower the interest rate or the nearer the date of the future payment.
• E)lower the interest rate,independent of the date of the future payment.

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Definitions:

pH

A numeric scale used to specify the acidity or basicity (alkalinity) of an aqueous solution, with 7 being neutral, values below 7 acidic, and above 7 basic.

K

The symbol for potassium, a chemical element of atomic number 19, essential for living organisms.

[HCO3-]

The chemical formula for bicarbonate, an anion involved in the buffering of pH in biological systems.

K

A symbol for potassium, a metallic chemical element with the atomic number 19, essential for various biological processes.