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Which of the following statements is correct? The present value of an annuity due is...

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Which of the following statements is correct? The present value of an annuity due is less than the present value of an ordinary annuity In an annuity due, cash flows occur at the beginning of each period The present value of an annuity due is equal to the present value of an ordinary annuity Cash flow streams that increase at a constant rate over time are called an annuity due In ordinary annuities, cash flows occur at the beginning of each period

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