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Which of the following will increase the present value of an annuity, all else held constant? I. Increase in the number of payments II. Increase

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

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