Multiple Choice
An annuity due and an ordinary annuity have equal payments, the same interest rates, and the amount of time between the payments is equal. Which statement is true?
A) The present value of the annuity due is less than the present value of the ordinary annuity.
B) The future value of the annuity due is less than the future value of the ordinary annuity.
C) The future value of the annuity due is equal to the future value of the ordinary annuity.
D) The present value of the annuity due is greater than the present value of the ordinary annuity.
Correct Answer:
Verified
Correct Answer:
Verified
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