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I don't understand this. Please thoroughly explain. Im trying to complete with paper and pencil. Please fully explain how I show calculate not understanding how.
I don't understand this. Please thoroughly explain. Im trying to complete with paper and pencil. Please fully explain how I show calculate not understanding how. P Present value of an annuity Consider the following cases.
a Calculate the present value of the annuity, assuming that it is
An ordinary annuity.
An annuity due.
b Compare your findings in parts a and a All else being identical, which type of annuity
ordinary or annuity dueis preferable? Explain why.Carry all calculations to two decimal places to reduce rounding error, especially in multistep problems.
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