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of 15 Answer this question based on the following three statements 1 An ordinary annuity...

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Finance

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of 15 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 Only 3 is correct. Ob. Only 2 is correct. Oc. Both 1 and 3 are correct. d. Both 2 and 3 are correct Oe. Only 1 is correct. ha 5 7 Next page 4 3 Previous page

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