Answer:
True
Explanation:
In order to find the Present value of multiple cash flows, each cash flow must be discounted to a same point in time and then added together.
Present Value
= (Cash flow 1)/(1 + r)^t1 + (Cash flow 2)/(1 + i)^t2 + (cash flow 3)/(1+i)^t3...... + (Cash flow N)/(1+i)^n
Therefore, The statement is True.
