The present value interest factor (PVIF) becomes lower as the number of years increases.

Name: The present value interest factor (PVIF) becomes lower as the number of years increases.
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The present value interest factor (PVIF) decreases as the number of years increases because it is calculated as 1/(1+r)^n, where r is the interest rate and n is the number of years. As n increases, the denominator becomes larger, making the PVIF smaller.

The Present Value Interest Factor (PVIF) Becomes Lower as the Number