Multiple Choice
Which of the following investments would have the highest future value (in year 5) if the discount rate is 12%?
A) A five year ordinary annuity of $100 per year.
B) A five year annuity due of $100 per year.
C) $700 to be received at year 5
D) $500 to be received TODAY (year 0)
Correct Answer:
Verified
Correct Answer:
Verified
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