QN=99 (20360) Which of the following statements is false with respect to the present value of a future amount? a. The higher the discount rate, the lower the present value of a single sum for a given time period.b. The relation between present value and time is exponential.c. The greater the time period, the lower the present value of a single sum for a given interest rate.d. The lower the discount rate, the lower the present value of a single sum for a given time period.

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