Is there any difference between the present values in parts (a) and (b)? Explain. (a) An annuity

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Is there any difference between the present values in parts (a) and (b)? Explain.

(a) An annuity due that pays $1000 at the beginning of each year for 10 years

(b) Taking $1000 now and establishing an ordinary annuity that pays $1000 at the end of each year for 9 years

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Oct 21, 2020 03:50 AM

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Is there any difference between the present values in parts (a) and (b)? Explain. (a) An annuity

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Mathematical Applications For The Management, Life And Social Sciences

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