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The higher the rate used in determining the future value of a $1 annuity, Select one: The smaller the future value at the end of
The higher the rate used in determining the future value of a $1 annuity, Select one:
- The smaller the future value at the end of the period.
- The greater the future value at the end of a period.
- The greater the present value at the beginning of a period.
- None of these - the interest has no effect on the future value of an annuity.
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
