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An annuity and an annuity due that have the same number of payments also have the same present value if r = 10%. Which one
An annuity and an annuity due that have the same number of payments also have the same present value if r = 10%. Which one has the higher payment?
| The annuity has the higher payment. |
| The annuity due has the higher payment. |
| They both must have the same payment since the present values are the same. |
| There is no way to tell which has the higher payment. |
| An annuity and an annuity due cannot have the same present value. |
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
