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Which is more valuable? A An ordinary annuity which pays out equal cash payments of $ 1 0 0 each year for 5 years. A

Which is more valuable?
A An ordinary annuity which pays out equal cash payments of $100 each year for 5 years.
A deferred annuity which pays out equal cash payments of $100 each year for 5 years starting 2
years from now.
Both have equivalent net present values
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