Annuity A has the same n and i as Annuity B. As PMT is double Bs PMT.

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Annuity A has the same n and i as Annuity B. A’s PMT is double B’s PMT. Will A’s present value be (pick one): (i) double, (ii) more than double, or (iii) less than double the amount of B’s present value? Give a reason for your choice.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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Annuity A has the same n and i as Annuity B. As PMT is double Bs PMT.

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Business Mathematics In Canada

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