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The higher the rate used in determining the future value of a $1 annuity,

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The higher the rate used in

determining the future value of a $1 annuity,

the smaller the future

value at the end of the period.

0%

the greater the future

value at the end of a period.

0%

the greater the present

value at the beginning of a period.

0%

none of these - the interest has no effect on the future

value of an annuity.

0%

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