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1. You have the opportunity to invest in either of two annuities. Annuity X is an ordinary annuity that makes 6 equal annual payment of

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1. You have the opportunity to invest in either of two annuities. Annuity X is an ordinary annuity that makes 6 equal annual payment of $10,000. Annuity Y is an annuity due that makes 6 equal annual payment of $9,500 Assume that you can earn 8% on your investment (1) find the future value after 6 years for both annuities (2) use your finding in part (1) to indicate which annuity is more attractive. Why

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