The present value of an annuity due is not affected by the frequency of compounding.
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Q12: The future value of a dollar
1. increases
Q13: The present value of a dollar increases
Q14: The present value of an annuity increases
Q15: The future value of an annuity is
1.
Q16: The larger the rate of interest, the
Q18: The present value of a dollar
1. increases
Q19: An annuity is a series of
A)rising annual
Q20: An increase in the rate of interest
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