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Consider an annuity. If the annual payment increases, what effect will this have on the present value of the annuity? Increase Decrease No effect Not
Consider an annuity. If the annual payment increases, what effect will this have on the present value of the annuity?
Increase
Decrease
No effect
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
