What happens to the present value of a series of cash flows


What happens to the present value of a series of cash flows (increase or decrease) as the number of payments (length of time) increases, holding all other factors constant? Does the change occur at a constant rate or at a varying rate? How do we handle situations where the number of payments is increased to an infinite value (the asset has a perpetual life)?

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Financial Management: What happens to the present value of a series of cash flows
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