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QUESTION
14) High discount rates favor A) neither long-term nor short-term investments. B) both long-term and short-term investments. C) long-term...
14) High discount rates favor
A) neither long-term nor short-term investments.
B) both long-term and short-term investments.
C) long-term investments.
D) short-term investments.
The correct answer is D, but I think it should be C because the future value increase as funds compound for a longer period.
Why D?
