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9 April, 04:45

An increase in the rate of interest from 4 percent to 5 percent increases the present value of an annuity.

a. True

b. False

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Answers (1)
  1. 9 April, 07:58
    0
    I think it's True.

    In politics and business, it works as is.

    If rate of interest changes, it directly impacts current annuity.
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