In 3 years you are to receive $5,000. If the interest rate were to suddenly increase, the present value of that future amount to you would:
A. Fall
B. Rise
C. Remain unchanged
D. Cannot be determined without more information
In 3 years you are to receive $5,000. If the interest rate were to suddenly increase, the present value of that future amount to you would:
A. Fall
B. Rise
C. Remain unchanged
D. Cannot be determined without more information