The present value of multiple cash flows is
A) greater than the sum of the cash flows.
B) equal to the sum of all the cash flows.
C) less than the sum of the cash flows.
D) none of the above.
Answer: C
The present value of multiple cash flows is
A) greater than the sum of the cash flows.
B) equal to the sum of all the cash flows.
C) less than the sum of the cash flows.
D) none of the above.
Answer: C
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