An Accountant Wishes to Find the Present Value of an Annuity

Multiple Choice

An accountant wishes to find the present value of an annuity of $1 payable at the beginning of each period at 10% for eight periods. The accountant has only one present value table which shows the present value of an annuity of $1 payable at the end of each period. To compute the present value, the accountant would use the present value factor in the 10% column for

A) seven periods.
B) eight periods and multiply by (1 + .10) .
C) eight periods.
D) nine periods and multiply by (1 - .10) .