When Using a Present Value of an Annuity Table (E

Multiple Choice

When using a present value of an annuity table (e.g., Table IV at the back of the book) , _____.

A) payments are assumed to be made at the beginning of each period
B) PVIFA factors decrease with an increase in the interest rate
C) PVIFA factors decrease with an increase in the number of periods
D) All of these are correct