The present value of a lump sum of money

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Reference no: EM13809554

The present value of a lump sum of money that will be received in the future ________ the longer you have to wait to receive the money and _________ as the discount rate (opportunity cost rate) increases.

A. Increases, Decreases

B. Increases, Increases

C. Decreases, Increases

D. Decreases, Decreases

Reference no: EM13809554

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