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What the present value to be received exactly ten years

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Problem 1: For a given nominal interest rate greater than 0%, if the number of compounding periods per year decreases (for example, from quarterly to semi-annually), the present value of $1000 to be received exactly 10 years from today will:

a. Decrease.
b. Increase.
c. Remain unchanged.
d. Either increase or decrease, depending on the nominal interest rate.

Reference no: EM132939327

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