The future value of an annuity will be larger if 1 . the annuity is an ordinary annuity 2 . the annuity is an annuity due 3 . the payments are made at the beginning of the year 4 . the payments are made at the end of the year
a. 1 and 3
b. 1 and 4
c. 2 and 3
d. 2 and 4
c
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