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11. ORDINARY ANNUITY AND PRESENT VALUE You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $45,000 for
11. ORDINARY ANNUITY AND PRESENT VALUE You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $45,000 for the next five years. At a discount rate of 10.25%, what is this job worth to you today? Briefly explain the difference between an ordinary annuity and an annuity due
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