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Which of the following statements is correct? a. Other things held constant, an increase in the number of compounding periods per year increases the future

Which of the following statements is correct? a. Other things held constant, an increase in the number of compounding periods per year increases the future value of a given annual annuity. b. Other things held constant, future value of annuity due is greater than future value of ordinary annuity. c. Other things constant, present value of annuity becomes smaller when the interest rate goes up. d. All of the above statements are correct.

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