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Business, 30.07.2021 01:00 deaishaajennings123

Determine which of the statements below is correct regarding the present value of an ordinary annuity. Multiple choice question. A present value of an annuity is the amount that would accumulate by the end date of a series of equal payments. The present value of an annuity is the amount that can be invested now at the specified rate to yield a future series of equal periodic payments. We need to calculate how much we will have at a point in time in the future after investing a specific sum of money today at a specific rate.

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