Multiple Choice
The present value of an ordinary annuity formula is
A) (C / r) (1 / (1 + r) T(1 + r)
B) C({1 - [1 / (1 + r) T]}/ r)
C) [C(1 + r) T/ r] / (1 + r)
D) (C / r) (1 / (1 + r) T
E) C(1 + r) T/ r(1 + r)
Correct Answer:
Verified
Correct Answer:
Verified
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