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1. What is the difference between an ordinary annuity and an annuity due? How does this difference affect the present value of two otherwise identical

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1. What is the difference between an ordinary annuity and an annuity due? How does this difference affect the present value of two otherwise identical annuities? 2. You want to invest $5,000 for 3 years. Would you prefer to earn a 6 percent rate of return compounded monthly or a 6 percent rate of return compounded annually? Justify your

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