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

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a. Calculate the present value of the annuity assuming that it is (1) An ordinary annuity (2) An annuity due b. Compare your findings in parts a(1) and a(2) Alt ehe being identical, which type of annulty-ordinary or annelty due-is preferable? Explain why The peesent value of the ordinary annuity is 1 (Round to the nearest cent)

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