Question
The future value of an annuity due is: A. Greater than the future value of a similar ordinary annuity by (1 + Interest Rate) B.
The future value of an annuity due is:
A. Greater than the future value of a similar ordinary annuity by (1 + Interest Rate)
B. Greater than the future value of a similar ordinary annuity because all the cash flows are compounded for one additional period
C. Less than the future value of a similar ordinary annuity
D. None of the above answers
E. Both a and b answers are correct
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
