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When using a present value of an annuity


When using a present value of an annuity table:

payments are assumed to be made at the beginning of each period.

PVFA factors increase with an increase in the number of periods.

PVFA factors decrease with an increase in the interest rate.

"PVFA factors decrease with an increase in the interest rate" and "PVFA factors increase with an increase in the number of periods" only.

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Financial Management: When using a present value of an annuity
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