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If the rate of interest increases, all else being the same which of the following statements is true? I) Future value of an annuity will
If the rate of interest increases, all else being the same which of the following statements is true? I) Future value of an annuity will increase. II) Present value of an annuity will increase. III) Present value will be less than zero.
A) I only
B) II only
C) III only
D) I and II
E) II and III
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