Multiple Choice
The present value of an annuity stream of $100 per year is $614 when valued at a 10 percent rate.By approximately how much would the value change if these were annuities due?
A) An increase of $10
B) An increase of $61
C) An increase of $100
D) Unknown without knowing number of payments.
Correct Answer:
Verified
Correct Answer:
Verified
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