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You have the opportunity to invest in several annuities

You have the opportunity to invest in several annuities, which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities have the same positive interest rate.

An annuity that pays $1,000 at the end of each year
An annuity that pays $1,000 at the beginning of each year
An annuity that pays $500 at the beginning of every six months
An annuity that pays $500 at the end of every six months

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Finance Basics: You have the opportunity to invest in several annuities

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