If the future value of an annuity due is 25000 and 24000 is


If the future value of an annuity due is $25,000 and $24,000 is the future value of an ordinary annuity that is otherwise similar to the annuity due, what is the implied discount rate?

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Financial Management: If the future value of an annuity due is 25000 and 24000 is
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