the reason that a discount factor presented in the present value of a single sum...
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Accounting
the reason that a discount factor presented in the present value of a single sum in year 2 is less than a discount factor in year 2 is that
A. cash flows are uneven
B. a dollar received in 3 years is worth less than a dollar received in 2 years
C. present value is positive
D. compounding does not occur
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