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The shorter the length oftime between a present value and its corresponding future value,
The shorter the length of
time between a present value and its corresponding future value,
none of these.
the higher the interestrate used in the present-valuation.
the higher the interest
rate used in the present-valuation.
the higher the presentvalue, relative to the future value.
the higher the present
value, relative to the future value.
the lower the presentvalue, relative to the future value.
the lower the present
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