Question: When calculating the present value for a growing annuity, the formula can be used: a. if there are no restrictions relating to rates b. if

When calculating the present value for a growing annuity, the formula can be used:

a. if there are no restrictions relating to rates

b. if the growth rate is positive

c. if the interest rate is lower than the growth rate

d. if the interest rate is greater than the growth rate

e. if the interest rate is equal to the growth rate

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