If interest is compounded SEMI-ANNUALLY (rather than annually), which of the following would be the influence to the future values and the present values? future values will be higher and present values will be lower. future values and present values will both be higher. futures values and present values will both be lower. future values will be lower and present values will be higher. Which of the following can determine the present value of a perpetuity? dividing the stream of equal cash payments by the interest rate. multiplying the stream of equal cash payments by the interest rate. dividing the interest rate by the stream of equal cash payments. multiplying the stream of equal cash payments by the number of payments to be made. The present value of an annuity can be increased by (other things equal)? Increasing the interest rate Decreasing the interest rate Decreasing the number of payments Decreasing the amount of the payment