True or False? An increase in the discount rate will increase the future value of current investments. True False Question 23 2 pts An annuity due is a series of: unequal payments received at the beginning of each year. equal payments received at the beginning of each year. unequal payments received at the end of each year. equal payments received at the end of each year. Question 24 2 pts Monies received in the future are less valuable than the same amount of cash received because: inflation reduces the purchasing power of money and people demand more compensation to postpone consumption. inflation increases the purchasing power of money and people demand less compensation to postpone consumption. inflation reduces the purchasing power of money and people demand less compensation to postpone consumption. inflation increases the purchasing power of money and people demand more compensation to postpone consumption