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Yesterday, you calculated the value of an annuity that you might buy using the current investment rate of 4.72%. Today, however, your investment interest rate

Yesterday, you calculated the value of an annuity that you might buy using the current investment rate of 4.72%. Today, however, your investment interest rate has increased to 5.23%. What has happened to the value of the annuity?

The annuity value decreased.

The annuity value increased.

Nothing, as changing interest rates do not affect the value of annuities.

All of the above.

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