Difference in an ordinary annuity and an annuity in advance

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Question: Suppose you have an annuity consisting of three cash flows of $1,000 each. Briefly explain the difference between an Ordinary Annuity and an Annuity in Advance, giving a simple example of each using timelines labeled with the series of three cash flows of $1,000. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132756224

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