An Annuity Due and an Ordinary Annuity Have Equal Payments

question 3

Multiple Choice

An annuity due and an ordinary annuity have equal payments, the same interest rates, and the amount of time between the payments is equal. Which statement is true?

• A) The present value of the annuity due is less than the present value of the ordinary annuity.
• B) The future value of the annuity due is less than the future value of the ordinary annuity.
• C) The future value of the annuity due is equal to the future value of the ordinary annuity.
• D) The present value of the annuity due is greater than the present value of the ordinary annuity.

---

Definitions:

Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of an organization.

SIHRM

Strategic International Human Resource Management focuses on human resource practices that support international operations and cultural diversity.

Approaches

Different methods or strategies employed to tackle problems, accomplish tasks, or achieve goals.

International Context

Refers to the circumstances or environments that transcend national borders and involve multiple countries or cultures.