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Assume that there are 2 cash flows: one 10-year $100 ordinary annuity and one 10 -year $100 annuity due. Assume that the yearly cash flows

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Assume that there are 2 cash flows: one 10-year $100 ordinary annuity and one 10 -year $100 annuity due. Assume that the yearly cash flows are identical for both annuities and that the common interest rate i: greater than zero. Which of the following statements is TRUE? A) The present value of an annuity due is greater than the present value of an ordinary annuity. B) The present value of an ordinary annuity is greater than the present value of an annuity due. C) The future value of an ordinary annuity is greater than the future value of an annuity due. D) Both B and C are correct

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