Question: 1-As you increase (decrease) the length of time involved, what happens to the present value of an annuity? Explain why. 2-As you decrease (increase) the
1-As you increase (decrease) the length of time involved, what happens to the present value of an annuity? Explain why.
2-As you decrease (increase) the length of time involved, what happens to the future value of an annuity? Explain why.
3-What happens to the future value of an annuity if you increase (decrease) the interest rate? Explain why.
4-What happens to the present value of an annuity if you decrease (increase) the interest rate? Explain why.
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