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For an annuity due of $1500 per year for 10 years, which of the following interest rates will result in the largest present value? a.

For an annuity due of $1500 per year for 10 years, which of the following interest rates will result in the largest present value?

a. 2.00%, compounded continuously.

b. 2.05%, compounded daily (365 days per year).

c. 2.10%, compounded monthly.

d. 2.15%, compounded quarterly.

e. 2.20%, compounded semiannually.

f. 2.25%, compounded annually.

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