Question
You are offered two alternative sets of payments which are alike in every respect except that Series A makes its payments at the beginning of
You are offered two alternative sets of payments which are alike in every respect except that Series A makes its payments at the beginning of each period and Series B makes its payments at the end of each period. Which one of the following statements is true concerning these two series of payments?
The future value of Series B will be greater than the future value of Series A.
The present values of both series of payments are equal.
The future values of both series of payments are equal.
The present value of Series A is greater than the present value of Series B.
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Active Value Investing Making Money In Range Bound Markets
Authors: Vitaliy N. Katsenelson
1st Edition
0470053151, 978-0470053157
