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The future value of an ordinary annuity stream of $200 periodic payment per year is $624.32 when valued at a 4% rate. By approximately how
The future value of an ordinary annuity stream of $200 periodic payment per year is $624.32 when valued at a 4% rate. By approximately how much would the future value change if this is an annuity due and the new interest rate is now at 2%?
a. $0
b. $27 increase
c. $27 decrease
d. $36 increase
e. $36 decrease
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