Question: Which statement is TRUE? The present value of a growing perpetuity is higher when the growth rate of payments is higher, assuming the discount rate

Which statement is TRUE?
The present value of a growing perpetuity is higher when the growth rate of payments is higher, assuming the discount rate remains constant.
In a growing perpetuity, the growth rate of payments must always be greater than the discount rate.
If we assume positive interest rate, ordinary annuity future value will always be greater than that of annuity due.
Simple interest rate assumes accumulated interest is reinvested, and hence earns interest on interest.

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