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a. Calculate the present value of the annuily assuming that it is (1) An ordinary annuity. (2) An annuly doe b. Compare your findings in

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a. Calculate the present value of the annuily assuming that it is (1) An ordinary annuity. (2) An annuly doe b. Compare your findings in parts a (1) and a(2) Allelse boing identical, which type of aneaity-oc finary or annuity der-is peoferatlwe Explain why. The present value of the ordinary annaily is ? (Round to the nearest cent)

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