Which is more valuable A An ordinary annuity which pays out equal cash payments of $ 1 0 0 each year for 5 years A deferred annuity which pays out equal cash payments of $ 1 0 0 each year for 5 years starting 2 years from now Both have equivalent net present values

Question

Which is more valuable  A An ordinary annuity which pays out equal cash payments of $ 1 0 0 each year for 5 years  A deferred annuity which pays out equal cash payments of $ 1 0 0 each year for 5 years starting 2 years from now  Both have equivalent net present values

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Question

Which is more valuable? A An ordinary annuity which pays out equal cash payments of $ 1 0 0 each year for 5 years. A

Which is more valuable?

A An ordinary annuity which pays out equal cash payments of $ $100$ each year for $5$ years.

A deferred annuity which pays out equal cash payments of $ $100$ each year for $5$ years starting $2$

years from now.

Both have equivalent net present values

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