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You as an individual investor, want to have a equal return of $600 each year for four years with an interest rate of 6.00% compounded

You as an individual investor, want to have a equal return of $600 each year for four years with an interest rate of 6.00% compounded annually. You are offered two investment options to invest and you wish to compare these two different investment options which are designed as annuity contracts as; ordinary annuity and annuity due. What is the dollar difference between ordinary annuity and annuity due contracts?

A. $124.75

B. $2,203.81

C. $144.60

D. $2,079.06

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