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Given an interest rate of 9%, the factor for an annuity due is equal to the factor for an ordinary annuity: a. Divided by (1+9%)
Given an interest rate of 9%, the factor for an annuity due is equal to the factor for an ordinary annuity:
a. Divided by (1+9%)
b. Multiplied by (1+9%)
c. Plus (1+9%)
d. Minus (1+9%)
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