Question: The higher the rate used in determining the future value of a $1 annuity, Select one: the smaller the future value at the end of

The higher the rate used in determining the future value of a $1 annuity,

Select one:

the smaller the future value at the end of the period.

the greater the future value at the end of a period.

the greater the present value at the beginning of a period.

none of these - the interest has no effect on the future value of an annuity.

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