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a . Calculate the present value of the annuity, assuming that it is An ordinary annuity. An annuity due. b . Compare your findings in

a. Calculate the present value of the annuity, assuming that it is
An ordinary annuity.
An annuity due.
b. Compare your findings in parts a(1) and a(2). All else being
identical, which type of annuity-ordinary or annuity due-is
preferable? Explain why.
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