Which of the Following Statements Regarding the Concept of Present

Multiple Choice

Which of the following statements regarding the concept of present value is INCORRECT?

A) Compound interest is not only interest earned on the principal amount but also the interest received on the interest already earned.
B) Ordinary annuity investments provide multiple receipts of an equal amount at fixed year-end intervals over the investment's duration.
C) When using the Present Value of Ordinary Annuity of $1 table,multiply the factor times the amount that will be received at the end of each year times the number of years the amount will be received.
D) The present value of a bond is the present value of the principal amount at maturity plus the present value of the stated interest payments.