Question

the future value of an annuity will be larger if

1> the annuity is an ordinary annuity

2> the annuity is an annuity due

3> the payments are made at the beginning of the year

4> the payments are made at the end of the year

a. 1 and 3

b. 1 and 4

c. 2 and 3

d. 2 and 4

Answer

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