# Suppose the discount rate used to calculate the present value of an annuity is increased (leaving n

## Question:

Annuity

An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Discount Rate

Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**