Read the following two statements and determine whether they are correct or incorrect. A. For a given interest rate and cash flow – the longer the time period, the smaller the future value. B. For a given time period and cash flow – the higher the interest rate, the smaller the present value Question 1 options: | A) | Both statements are incorrect | | B) | A is incorrect but B is correct | | C) | A is correct but B is incorrect | | D) | Both statements are correct
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