9. The present value of a future cost is: a. greater if interest rates are higher.b. greater if interest rates are lower.c. independent of interest rates unless money is borrowed to fund the program or project.d. independent of the number of years between now and when the programs first benefits

9. The present value of a future cost is: a. greater if interest rates are higher.b. greater if interest rates are lower.c. independent of interest rates unless money is borrowed to fund the program or project.d. independent of the number of years between now and when the programs first benefits

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 1.4P

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9. The present value of a future cost is:

a. greater if interest rates are higher.
b. greater if interest rates are lower.
c. independent of interest rates unless money is borrowed to fund the program or project.
d. independent of the number of years between now and when the programs first benefits

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