what is the relationship between the value of an annuity and the level of interest rates?

what is the relationship between the value of an annuity and the level of interest rates? suppose you just bought a 15 – year annuity of $9000 per year at the current interest rate of 10 percent per year. what happens to the value of your investment if interest rates suddenly drop to five percent? what if interest rates suddenly rise to 15 percent?

Question:What is the relationship between the value of an annuity and the level of interest rates? suppose you just bought a 15 – year annuity of $9000 per year at the current interest rate of10…