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If the present value of an ordinary, 4-year annuity is $1,000 and interest rates are 6 percent, what is the present value of the same

If the present value of an ordinary, 4-year annuity is $1,000 and interest rates are 6 percent, what is the present value of the same annuity due?

A. $1,000.00

B. $1,040.00

C. $1,060.00

D. $943.40

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