Question: Annuity A has the same n and i as Annuity B. As PMT is double Bs PMT. Will As present value be (pick one): (i)

Annuity A has the same n and i as Annuity B. A’s PMT is double B’s PMT. Will A’s present value be (pick one): (i) double, (ii) more than double, or (iii) less than double the amount of B’s present value? Give a reason for your choice.

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