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Which of the following statements regarding the present value of an annuity is correct? a.All other factors held constant, the present value of a given

Which of the following statements regarding the present value of an annuity is correct?

a.All other factors held constant, the present value of a given annual annuity decreases as the number of discounting periods per year increases.

b.All other factors held constant, the future value of a given annual annuity decreases as the number of discounting periods per year increases.

c.All other factors held constant, the present value of a given annual annuity increases as the number of discounting periods per year increases.

d.All other factors held constant, the future value of a given annual annuity increases as the number of discounting periods per year decreases.

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