Multiple Choice
The future value of an ordinary annuity assumes that the payments are received
A) at the beginning of the year and the last payment does not compound.
B) at the end of the year and the last payment does not compound.
C) at the beginning of the year and the last payment is compounded.
D) at the end of the year and the last payment is compounded.
Correct Answer:
Verified
Correct Answer:
Verified
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