(Q. 29 IN B) AS LONG AS THE INTEREST RATE IS GREATER THAN ZERO, TH...

24. (Q. 29 in B) As long as the interest rate is greater than zero, the present

value of a single sum will always:

A) be less than the future value.

B) decrease as the period of time decreases.

C) equal the future value if the time period is one year.

D) increase as the number of periods increases.

Answer A