Multiple Choice
Which of the following statements is false?
A) The factor for the future value of an annuity due is found by multiplying the ordinary annuity table value by one plus the interest rate.
B) The factor for the present value of an annuity due is found by multiplying the ordinary annuity table value by one minus the interest rate.
C) The factor for the future value of an annuity due is found by subtracting from the ordinary annuity table value for one more period.
D) The factor for the present value of an annuity due is found by adding to the ordinary annuity table value for one less period.
Correct Answer:
Verified
Correct Answer:
Verified
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