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You are presented with two annuities, each paying $ 1 , 0 0 0 per year for 1 0 years, interest rate is the same.
You are presented with two annuities, each paying $ per year for years, interest rate is the same. The only difference is one is an annuity due and the other is an ordinary annuity. If you are going to receive the annuity payments, which annuity should you choose to maximize your wealth?
Group of answer choices
the annuity due
the ordinary annuity
either one because they have the same present value
not enough information to determine
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