Assuming All Else the Same, the ___________ of an Annuity

question 28

Multiple Choice

Assuming all else the same, the ___________ of an annuity due will be _____________ that of an ordinary annuity.

• A) future value; greater than
• B) present value; equal to
• C) future value; less than
• D) present value; less than

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Definitions:

Misrepresentation

The act of providing false or misleading statements or information, intentionally or unintentionally, about a material fact.

Fraud

A deliberate deception to secure unfair or unlawful gain, often at the expense of others.

Negligence

Not acting with the care expected from a reasonably prudent person in identical situations.

Cattle Feed

Food specifically prepared and provided for the nourishment and growth of cattle.