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If you were to compare an ordinary annuity with an annuity due with the same number of payments with the same dollar amounts and interest

If you were to compare an ordinary annuity with an annuity due with the same number of payments with the same dollar amounts and interest rate

/

discount rate, which of the following statements is most accurate?

The present value of the ordinary annuity is equal to an annuity due.

The present value of the ordinary annuity is greater than an annuity due.

The present value of the ordinary annuity is less than an annuity due.

There is no relationship.

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