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When comparing the value of an ordinary annuity to the value of an annuity due, which of the following is true? Assume the payment, number

When comparing the value of an ordinary annuity to the value of an annuity due, which of the following is true? Assume the payment, number of payments, and interest rate are the same for both annuities.

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A. The present and future values for the annuity due are greater than the respective present and future values of the ordinary annuity.

B. The present and future values for the ordinary annuity are greater than the respective present and future values of the annuity due.

C. None of these are correct.

D. The future value of the annuity due is greater but the present value of the ordinary annuity is greater.

E. The present and future values for both types of annuities are the same.

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