Multiple Choice
The higher the discount rate used in determining the future value of a $1 annuity,:
A) the greater the future value at the end of a period.
B) the smaller the future value at the end of a period.
C) the greater the present value at the beginning of a period.
D) none of the other answers are correct: the interest has no effect on the future value of an annuity.
Correct Answer:
Verified
Correct Answer:
Verified
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