What effect on the future value of an annuity does increasing the interest rate have? Does a

Question:

What effect on the of an does increasing the interest rate have? Does a change from 4% to 6% have the same dollar impact as a change from 6% to 8%?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...