You are investing in a money market account. By approximately how much more would the...
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- You are investing in a money market account. By approximately how much more would the present value of annuity due be higher than the present value of ordinary annuity for a semi-annual payment of $800 per six-month for 6 consecutive years with a nominal interest rate 9% APR compounded daily? There are 360 days in one year (4 points)
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