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Which of the following will increase the present value of an annuity, all else held constant? 1. Increase in the length of time involved II.

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Which of the following will increase the present value of an annuity, all else held constant? 1. Increase in the length of time involved II. Decrease in the interest rate III. Increase in the interest rate IV. Decrease in the payment amount III only I and II only I and III only I, III, and IV only II and IV only

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