You can have a regular annuity of 3 payments of 706 each, Ask an Expert

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You can have a regular annuity of 3 payments of $706 each year, or you can receive the same payments as an annuity due. Which one is more valuable? To answer this, calculate the present value of the annuity due and subtract the present value of the regular annuity. Enter the result as your answer. The interest rate is 3%, and compounding is annual.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91941135

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