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