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Which of the following statements is true? a. All else equal, an annuity will have a lower value if the discount rate is higher. b.
Which of the following statements is true? a. All else equal, an annuity will have a lower value if the discount rate is higher. b. All else equal, present values increase with the discount rate. c. All else equal, the greater the rate of return, the lower the future value. d. All else equal, the lower the "t", the lower the annuity value. e. None of the above.
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