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Which of the following statements is true?(Assume that the yearly cash flows are identical for both annuities and that the common interest rate is greater

Which of the following statements is true?(Assume that the yearly cash flows are identical for both annuities and that the common interest rate is greater than zero.)

a)The future value of an ordinary annuity is greater than the future value of an annuity due.

b)Both the present value of an ordinary annuity is greater than the present value of an annuity dueand the future value of an ordinary annuity is greater than the future value of an annuity due

c)The present value of an annuity due is greater than the present value of an ordinary annuity.

d)The present value of an ordinary annuity is greater than the present value of an annuity due.

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