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