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What is the present value of an ordinary annuity

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What is the present value of an ordinary annuity that pays $150 for 3 years when the interest rate is 2%/year?

What is the present value of an annuity due that pays $150 for 3 years when the interest rate is 2%/year? Show work. Explain what caused the difference between your two answers.

Reference no: EM133121641

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