Is the present value of an ordinary annuity more valuable than an annuity due? Explain. An ordinary annuity is an annuity where cash flows occur

A at the beginning of the interest period

B. at the end of the interest period

An annuity due is an annuity where cash flows occur

A. at the beginning of the interest period

B. at the end of the interest period

As a result, there is

A. an additional

B. one less discounting period for an annuity due, and therefore its present value is

A. higher

B. lower

than an ordinary annuity.