Question
In regard to ordinary annuities versus annuities due with the same parameters ( PMT, r, and n) which of the following is correct? A. the
In regard to ordinary annuities versus annuities due with the same parameters ( PMT, r, and n) which of the following is correct?
A. the PV of an annuity due will always be less than the PV of its equivalent ordinary annuity
B. the FV of an annuity due will always be less than the FV of its equivalent ordinary annuity
C. Both the FV and the PV of annuities due will always be more than the FV and Pv, respectively of their equivalent orinary annuities
D. both a and b
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
