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Business, 15.04.2020 18:00 dragador7601
Which of the following statements is most correct? a. A 5-year $100 annuity due will have a higher present value than a 5- year $100 ordinary annuity. b. A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate. c. If an investment pays 10 percent interest compounded annually, its effective annual rate will also be 10 percent. d. Statements a and c are correct. e. All of the statements above are correct.
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Which of the following statements is most correct? a. A 5-year $100 annuity due will have a higher p...
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