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Many Years Ago,telephone Numbers Had Only Four or Five Digits

question 49

Multiple Choice

Many years ago,telephone numbers had only four or five digits.Even now,no more than seven digits are used for phone numbers.The most reasonable psychological explanation for this is that ________________.


Definitions:

Future Value Factor

A multiplier used to calculate the estimated future value of a current investment or cash flow at a specified rate of return.

Cash Flows

The entire amount of funds transferred into and out of an entity, impacting its liquidity.

Future Value Factor

A multiplier used to calculate the future value of an investment based on its present value and interest rate over time.

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