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24 September, 10:08

Which of the following has the lowest time value of money at the same interest rate for the same number of payments? a. The present value of an annuity-due b. The future value or an annuity-due c. The future value of an ordinary annuity d. The present value of an ordinary annuity

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  1. 24 September, 11:49
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    d. The present value of an ordinary annuity

    Explanation:

    The present value of an ordinary annuity has the lowest time value money for the same interest rate for the same number of payments.
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