What is the relation between the present value of an investment and time and interest rate?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
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Q7-4. What is the relation between the present value of an investment and time and interest rate?
Explain.
Transcribed Image Text:Q7-4. What is the relation between the present value of an investment and time and interest rate? Explain.
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