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3. Would you prefer the following (you can use just formulas for this problem): a. An ordinary annuity where you receive $500 each year for
3. Would you prefer the following (you can use just formulas for this problem): a. An ordinary annuity where you receive $500 each year for 20 years if the opportunity cost is 6% b. An annuity due where you receive $480 each year for 20 years if the opportunity cost rate is 5.9%
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