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Present value of an annuity a. Calculate the presont value of the annuity assuming that it is (1) An ordinary annuity (2) An annuty dut

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a. Calculate the presont value of the annuity assuming that it is (1) An ordinary annuity (2) An annuty dut b. Compare your findings in parts a(1) and a(2). All etse being identical, which fype of anmuly-cidinary or annaily due-is preferable? Explain why

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