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if the going interest rate id 1 0 percent, the PV of a 5 year $ 1 , 0 0 0 annuity is $ 3

if the going interest rate id

10

percent, the PV of a

5

year $

1, 000

annuity is $

3, 790.79 .

The PV of a

25

year $

450

annuity is $

4, 000 .

What annuity is more valuable

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