Distinguish between ordinary annuities and annuities due, Financial Management

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Distinguish between ordinary annuities and annuities due

1) Define the time value of money. Do you believe that the average person considers the time value of money when they make investment decisions? Explain.

2) Distinguish between ordinary annuities and annuities due. Also, distinguish between the future value of an annuity and the present value of an annuity.

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