Question: Annuity A and B are exactly the same except that annuity A has an interest rate of 5% and annuity B has an interest rate

  1. Annuity A and B are exactly the same except that annuity A has an interest rate of 5% and annuity B has an interest rate of 4%, which one has the higher present value?

    A

    B

    A=B

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