The present value of a $1 annuity payable over 25 years at a net discount rate of 3% is $17.41. Consequently, the value of a $1 annuity due payable over 26 years is
A)
$18.41.
B)
$17.41.
C)
$16.41.
D)
-$17.41.
A
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a. True b. False Indicate whether the statement is true or false
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