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Which of the following statements is correct? The future value of an annuity due is greater than an otherwise identical ordinary annuity. The present value

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Which of the following statements is correct? The future value of an annuity due is greater than an otherwise identical ordinary annuity. The present value of an ordinary annuity is greater than an otherwise identical annuity due. Continuous compounding will result in a higher present value relative to an otherwise identical investment that is compounded monthly at the same nominal rate. A reduction in the discount rate will increase the future value of an otherwise identical cash flow stream

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