Which of the following is true of a 4 year annuity of $500 per year at 7%?

Select one:

a.

The present value will be higher is this is an annuity due.

b.

The future value will be higher if this is an ordinary annuity

c.

The present value and the future value will be higher if this is an ordinary annuity

d.

The payments come on period earlier with an ordinary annuity than with the annuity due