Question: You are comparing two annuities with equal present values. The applicable discount rate is 4.5% compounded monthly. One annuity pays $2,000 each month for twenty

You are comparing two annuities with equal present values. The applicable

You are comparing two annuities with equal present values. The applicable discount rate is 4.5% compounded monthly. One annuity pays $2,000 each month for twenty years, starting today. How much does the second annuity pay each month for twenty years if it will pay the first payment one month from today? $2,009.50 $2.008.75 $2,007.50 $2,010.00 $2,009.00

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