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The higher the interest rate used in determining the futurevalue of a $1 annuity,
The higher the interest rate used in determining the future
value of a $1 annuity,
the smaller the future value at the end of the period.
the greater the present value at the beginning of a period.
the greater the future value at the end of a period.
The interest has no effect on the future value of an annuity.
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