5 Answer this question based on the following three statements: 1. An ordinary annuity has...
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5 Answer this question based on the following three statements: 1. An ordinary annuity has a greater present value than an annuity due if they both have the same periodic payments, discount rate, and time period. 2. As the term of a mortgage increases, holding interest rates constant, the monthly payments will increase. 3. A commuter taking the train to go to work instead of driving is a good example of opportunity cost O a Both 1 and 3 are correct. Ob. Only 1 is correct. Oc Only 2 is correct. Od. Only 3 is correct. e. Both 2 and 3 are correct
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