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If interest is compounded semi-annually rather than annually, then: a. future values and present values will both be higher b. future values and present values

If interest is compounded semi-annually rather than annually, then:

a. future values and present values will both be higher

b. future values and present values will both be lower

c. future values will be lower and present values will be highe

r d. future values will be higher and present values will be lower

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