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You have the opportunity to invest in several annuities. Which of the following 10 -year annuities has the greatest present value (PV)? Assume that all

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You have the opportunity to invest in several annuities. Which of the following 10 -year annuities has the greatest present value (PV)? Assume that all annuities cam the same positive interest rate. An annuity that pays $1,000 at the end of each vear An annuity that pays $500 at the beginaing of every six months An annuity that pays $500 at the end of every six months An annuity that pays $1,000 at the beginning of each vear An ordinary annuity selling at $4,947.11 today promises to make equal payments at the end of each year for the noxt eight years ( N ). If the annuity's. appropriate interest rate (1) remains at 6.50% during this time, the annual annuity paynient (Pam) will be. You just won the lottery. Congratulationsf the jackpot is $35,000,000, paid in eiaht equat annual payments, The first payment on the lottery jackpot. will be made today. In present value terms, you really won -assuming anatal interest nate of 6.50%

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