Multiple Choice
The present value of an annuity:
A) is equal to the sum of the present values of each period's cash flow.
B) has a future value (as an amount) equal to the future value of the annuity.
C) has a future value (as an amount) equal to the sum of the annuity's cash flows.
D) a and b.
Correct Answer:
Verified
Correct Answer:
Verified
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