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URGENT What is the dollar difference (on an absolute basis) in the present value of receiving $9,000 annually for seven years if you are comparing
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What is the dollar difference (on an absolute basis) in the present value of receiving $9,000 annually for seven years if you are comparing an ordinary annuity with an annuity due? Assume a discount rate of 8% per year. $2,214.25 $3,748.59 $2,720.89 $3,092.17 $3,333.33Step by Step Solution
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