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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 23: Understanding Time Value of Money Formulas and Concepts
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    The Future Value of an Ordinary Annuity Is Determined Immediately
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The Future Value of an Ordinary Annuity Is Determined Immediately

Question 44

Question 44

True/False

The future value of an ordinary annuity is determined immediately after the last cash flow in the series occurs.

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