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Describe the relationship between changes in interest rates

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Reference no: EM131818610

Proficient-level: "What is the future value of a $900 annuity payment over five years if interest rates are 9 percent?" (Cornett, Adair, & Nofsinger, 2016).

Recalculate the future value at 8 percent interest, and again, at 10 percent interest.

Distinguished-level: Describe the relationship between changes in interest rates and the ensuing changes in future values.

Reference no: EM131818610

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