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Which one of the following statements is correct? a. The future value of an annuity increases when the interest rate decreases. b. The present value

Which one of the following statements is correct? a. The future value of an annuity increases when the interest rate decreases. b. The present value of an annuity increases when the interest rate increases. c. The present value of an annuity is unaffected by the number of the annuity payments. d. The future value of an annuity is unaffected by the amount of each annuity payment. e, The present value of an annuity increases when the interest rate decreases.

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