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Consider a 10-year annuity of $12,000 at 8%. Would you prefer to receive this annuity as an Annuity Due or an Ordinary Annuity? Justify your

Consider a 10-year annuity of $12,000 at 8%.

Would you prefer to receive this annuity as an Annuity Due or an Ordinary Annuity? Justify your answer.

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