Think of a 20-year annuity paying $2,000 per month. If prevailing market rates decline over the next year, will the price to purchase a 20-year annuity increase or decrease? Explain.

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The Answer of Think of a 20-year annuity paying $2,000 per month. If prevailing market rates decline over the next year, will the price to purchase a 20-year annuity increase or decrease? Explain.

Think of a 20-Year Annuity Paying $2,000 Per Month