Which statement is true?
-All else equal, an ordinary annuity is more valuable than an annuity due.
-All else equal, a decrease in the number of payments increases the future value of an annuity due.
-An annuity with payments at the beginning of each period is called an ordinary annuity.
-All else equal, an increase in the number of annuity payments decreases the present value and increases the future value of an annuity.
-All else equal, an increase in the discount rate decreases the present value and increases the future value of an annuity.
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Which statement is true?
-All else equal, an ordinary annuity is more valuable than an annuity...
-All else equal, an ordinary annuity is more valuable than an annuity...
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