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If you are going to be receiving annuity payments which

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If you have to choose between 2 equally risk annuities, each paying $5,000 per year for 8 years. One is an annuity due and the other is an ordinary annuity. If you are going to be receiving annuity payments, which annuity would you choose to maximize your wealth and why?

Reference no: EM13568475

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