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Assuming the same positive disount rate and the same number of years over which they will be received, which of the following has the smaller

Assuming the same positive disount rate and the same number of years over which they will be received, which of the following has the smaller PRESENT value?

A $

350

annuity with monthly payments.

A $

4, 200

annuity with annual payments.

Both have the same present value.

There is not enough information to answer this question.

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