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Which of the following are consequences of a declining interest rate environment (circle all that apply)? The premium to buy a given amount of monthly

  1. Which of the following are consequences of a declining interest rate environment (circle all that apply)?
    1. The premium to buy a given amount of monthly income for a life annuity will increase, ceteris paribus.
    2. In order to have a given probability of accumulating a given amount of retirement assets at a given date in the future, an individual will have to either save more or take more risk in the investment portfolio, or both.

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