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you are comparing two annuities. Annuity A pays 100 dollars at the end of each month for 10 years. Annuity B pays 100 dollars at the beginning of...
you are comparing two annuities. Annuity A pays 100 dollars at the end of each month for 10 years. Annuity B pays 100 dollars at the beginning of each month for 10 years. The rate of return on both annuities is 8 percent. Which one of the following statements is correct given this information?a- the present value of annuity A is equal to the present value of annuity Bb- annuity b will pay one more payment than annuity A willc- the future value of annuity A is greater than the future value of annuity Bd- annuity B has both a higher present value and a higher future value than annuity Ae- annuity A has a higher future value but a lower present value than annuity B
Answer isd- annuity B has both a higher present value and a higher future value than annuity APMTni 1001200.67% 0.00666667 PVPV Ordinary annuityAnnuity Due 8,242 Annuity A8,297 Annuity B...