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1 . You are comparing annuities A and B . The annuities have identical lengths, payments, and interest rates. Annuity A pays at the beginning

1. You are comparing annuities A and B. The annuities have identical lengths, payments, and interest rates. Annuity A pays at the beginning of each month and annuity B pays at the end of each month.
Which of the annuities has a higher PV? Which has a higher FV? Why?

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