For an annuity due of $1500 per year for 10 years, which of the following...
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Accounting
For an annuity due of $1500 per year for 10 years, which of the following interest rates will result in the largest present value?
a. 2.00%, compounded continuously.
b. 2.05%, compounded daily (365 days per year).
c. 2.10%, compounded monthly.
d. 2.15%, compounded quarterly.
e. 2.20%, compounded semiannually.
f. 2.25%, compounded annually.
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