Business, 19.02.2020 02:50 janeou17xn

Augustine is interested in whether he should purchase an annuity or an annuity due today. The annuity that he is considering will pay $100 per year starting in 2 years and ending in 5 years. The annuity due will begin payments of $100 per year for 4 years starting in 1 years. With a discount rate of 11%, which investment should he purchase today and why?

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Augustine is interested in whether he should purchase an annuity or an annuity due today. The annuit...