Multiple Choice
Which one of the following will increase the present value of an annuity, other things equal?
A) increasing the interest rate
B) decreasing the interest rate
C) decreasing the number of payments
D) decreasing the amount of the payment
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: What is the minimum nominal rate of
Q44: What factor is fixed if you establish
Q46: What is the present value of a
Q71: How much interest will be earned in
Q81: Your retirement account has a current balance
Q93: Assume you are making $989 monthly payments
Q95: The term "constant dollars" refers to equal
Q105: Other things being equal,the more frequent the
Q109: You invested $1,200 three years ago.During the
Q112: Three thousand dollars is deposited into an