Suppose the discount rate used to calculate the present value of an annuity is increased (leaving n

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Suppose the discount rate used to calculate the present value of an annuity is increased (leaving n and PMT unchanged). Will the annuity’s present value be (pick one): (i) larger or (ii) smaller than before? Give a reason for your choice.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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Suppose the discount rate used to calculate the present value of an annuity is increased (leaving n

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The annuityspresent value will be ii smaller than before The ...View the full answer

Business Mathematics In Canada

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