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Which one of the following statements is true? Compound interest includes interest earned on interest. An annuity due is a single payment. O With an

Which one of the following statements is true? Compound interest includes interest earned on interest. An annuity due is a single payment. O With an ordinary annuity, a payment is made or received on the date the agreement begins. O The calculation of future value requires the removal of interest.
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Which one of the following statements is true? Compound interest includes interest earned on interest. An annuity due is a single payment. With an ordinary annuity, a payment is made or received on the date the agreement begins: The calculation of future value requires the removal of interest

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