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19. Assume that for $100,000 you can purchase a 10-year ordinary annuity that will pay you a yearly amount of 12,560.33 per year for 10
19. Assume that for $100,000 you can purchase a 10-year ordinary annuity that will pay you a yearly amount of 12,560.33 per year for 10 years. Now assume that there is another annuity that has the same annual interest rate as this 10-year ordinary annuity, but it is instead a 10-year annuity due. If the 10- year annuity due has the same annual payment (i.c., $12,560.33 per year for 10 years), what is the present value (i.e., the price) of the annuity due? $86,176,39 b. $104.375.01 c. $109,876.33 d. $99.986,57 None of the answers listed above are within $0.50 of the correct answer. a. e
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