Question

With respect to time value of money, which of the following statement is incorrect?

A Discounting future amount converts it into present value amount
B ‘Present Value’ is the current value of a ‘Future Amount’
C Compounding converts present value amount into future value amount
D The present value interest rate or the future value interest rate is known as the discount rate. A higher discount rate will result in a higher value for the amount in future.
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