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A five year annutiy of 2,500 per year has FV of 16,340. What will happen to the FV if the interest rate declines by half?
A five year annutiy of 2,500 per year has FV of 16,340. What will happen to the FV if the interest rate declines by half? What will happen to the PV if the interest rate declines by half?
A. FV will decrese ; PV will increase
B. FV will increase , PV will increase
C. FV will decrease, PV will decrease
D. FV will increase , PV will decrease
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