The present value of a future dollar is less than one, Financial Management

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The present value of a future dollar is less than one

Choose the following statement that you believe to be true. Explain the reason for your answer. a. The present value of a future dollar is less than one dollar. b. The present value of a future dollar is more than one dollar. c. The present value of a future dollar is equal to one dollar. d. The present value of a future dollar cannot be determined.

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Financial Management: The present value of a future dollar is less than one

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