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What is the percent value of a $700 annuity payment over six years if interest rates are 10%? Recalculate the present value at 9% interest,

What is the percent value of a $700 annuity payment over six years if interest rates are

10%? Recalculate the present value at 9% interest, and again, at 11% interest. Describe

the relationship between changes in interest rates and the ensuing changes in present

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