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3. For a given interest rate, what happens to the following as time increases? a) future value of $1 b) future value of an annuity

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3. For a given interest rate, what happens to the following as time increases? a) future value of $1 b) future value of an annuity c) present value of $1 d) present value of an annuity 4. For a given time period, what happens to the following as the interest rate increases? a) future value of $1 b) future value of an annuity c) present value of $1 d) present value of an annuity

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