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Which of the following statements is false? a. A decrease in the interest rate and an increase in the number of time periods would increase
Which of the following statements is false?
a. | A decrease in the interest rate and an increase in the number of time periods would increase the value of an annuity present value interest factor. | |
b. | An increase in the amount of an annuity payment will decrease the present value of the annuity. | |
c. | The difference between an ordinary annuity and an annuity due is the timing of the annuity payments. | |
d. | The future value of an annuity will decrease when either the number of periods decreases or the interest rate declines. |
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