Whenever the present value of the project is greater than the initial cash outlay then both the NPV and PI are positive.

Select one:

True

False

33) A rational investor would prefer to receive $1,200 today rather than $100 per month for 12 months.

Select one:

True

False

40) If the interest rate is positive, then the future value of an annuity due will be greater than the future value of an ordinary annuity.

Select one:

True

False