Question: How would an increase in the interest rate effect the present value of an annuity problem (all other variables remain the same)? Multiple Choice a.)

How would an increase in the interest rate effect the present value of an annuity problem (all other variables remain the same)?

Multiple Choice

a.) Increase the time needed to save.

b.) Decrease the present value.

c.) Change the future value.

d.) Increase the present value.

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