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An increase in the rate of interest from 4 percent to 5 percent increases the present value of an annuity. a. True b. False

An increase in the rate of interest from 4 percent to 5 percent increases the present value of an annuity. a. True b. False
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2 votes
An increase in the rate of interest from 4 percent to 5 percent increases the present value of an annuity.

a. True
b. False

asked
User Daycaster
by
8.2k points

1 Answer

1 vote
I think it's True.
In politics and business, it works as is.
If rate of interest changes, it directly impacts current annuity.
answered
User Rcty
by
8.2k points
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