The present value of a given amount increases as the number of years over which it is to be discounted decreases.

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This is because the discount rate used to calculate present value is typically assumed to represent the cost of capital or the opportunity cost of putting money into a certain project or investment. The longer the length of time, the greater the uncertainty and risk associated with the investment, which would result in a higher discount rate and a lower present value.

The Present Value of a Given Amount Increases as the Number