Assuming a Positive Interest Rate, the Dollar Amount of a Future

question 22

Multiple Choice

Assuming a positive interest rate, the dollar amount of a future payment is _____ its present value.

• A) exactly the same as
• B) approximately the same as
• C) less than
• D) more than

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Definitions:

Budgeted Sales

Projected sales figures used for planning purposes, often as part of a company's budgeting process to estimate future revenue.