Multiple Choice
Which of the following is most correct?
A) The present value of an annuity due is always larger than the present value of an ordinary annuity with the same cash flows.
B) The future value of an annuity due is always larger than the future value of an ordinary annuity with the same cash flows.
C) The future value of an ordinary annuity is always larger than the future value of an annuity due with the same cash flows.
D) Both a and b are correct.
E) Both a and c are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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