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Assume there is an annuity with four $1000 payment with the first payment Occurring

Assume there is an annuity with four $1,000 payments, with the first payment Occurring one year from now. Based on the current interest rate, the PV of the annuity is $3,387.21 and the FV is $4,439.94. What will happen to the PV and FV if the interest rate decreases by half? PV will increase; FV will decrease PV will increase; FV will increase PV will decrease; FV will increase PV will decrease; FV will decrease FV will stay the same PV will decreas PV will increase; FV stays the same 3 pts OO O C

Jan 31 2020 View more View Less

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