Homework answers / question archive / i)What effect on the present value of an annuity does increasing the interest rate have? ii)Does a change from 7% to 5% have the same dollar impact as a change from 5% to 3%? Explain with example

i)What effect on the present value of an annuity does increasing the interest rate have? ii)Does a change from 7% to 5% have the same dollar impact as a change from 5% to 3%? Explain with example

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i)What effect on the present value of an annuity does increasing the interest rate have?
ii)Does a change from 7% to 5% have the same dollar impact as a change from 5% to 3%? Explain with example.