Question: Appendix 1 EX 1 4 - 2 0 Present value of an annuity Assume the same data as in Exercise 1 4 - 1 9

Appendix 1
EX 14-20 Present value of an annuity
Assume the same data as in Exercise 14-19, except that the current interest rate is 10%.
Will the present value of your winnings using an interest rate of 10% be more than the present value of your winnings using an interest rate of 6%? Why or why not?
Appendix 1 EX 14-20 Present value of an annuity Assume the

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