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
A) I and II only
B) I and III only
C) II and IV only
D) I, II, and IV only
E) I, III, and IV only
Correct Answer:
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