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Question 11 3.33 Points Aubrey just purchased an annuity that will pay $2,500 per month for five years. The first payment was issued today. Bennett
Question 11 3.33 Points Aubrey just purchased an annuity that will pay $2,500 per month for five years. The first payment was issued today. Bennett just purchased an annuity that will pay $2,500 per month for five years. The first payment will be issued one month from today. Which one of the following statements is correct concerning these two annuities? A Aubrey's annuity is an ordinary annuity. B Aubrey's annuity has a higher present value than Bennett's. C Bennett's annuity has a higher present value than Aubrey's. Both annuities are of equal value today. 6 Bennett's annuity is an annuity due
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