d) annuities are worth less than lump sums Question 8 (3.33 points) If interest rates rise, a) the future value of a dollar declines b) the present value of a dollar rises c) the present value of an annuity falls d) the future value of an annuity falls Question 9 (3.33 points) Saved The future value of a dollar 1. increases with lower interest rates increases with higher interest rates