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Consider an ordinary annuity that pays out over 4 as well as an annuity due that also pays out over 4 periods. Assume that each
Consider an ordinary annuity that pays out over 4 as well as an annuity due that also pays out over 4 periods. Assume that each of these annuities has the same interest rate.
The annuity due will have___(a smaller future value than/a greater future value than/the same future value as)___ the ordinary annuity, because the annuity due has _(more/fewer)_ periods of earning interest when compared to the ordinary annuity.
the ordinary annuity, because the annuity due has periods of The annuity due will have earning interest when com a smallerfuture value than Read the following text and a greater future value value than the same future value as An annuity is a series of pa at regular intervals for a specific period of time. Recall from the previous stage of tStep by Step Solution
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