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Business, 02.06.2021 20:40 janahiac09

Which is​ greater, the present value of a five−year ordinary annuity of​ $300 discounted at​ 10%, or the present value of a five−year ordinary annuity of​ $300 discounted at​ 0% that has its first cash flow six years from​ today? A. The first annuity because the cash flows occur sooner. B. The second annuity because the cash flows are discounted at a​ 0% interest rate. C. The two annuities are of equal value. D. The answer to this question cannot be determined.

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Which is​ greater, the present value of a five−year ordinary annuity of​ $300 discounted at​ 10%, or...
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