The Present Value of an Annuity

question 206

Multiple Choice

The present value of an annuity:

• A)is equal to the sum of the present values of each period's cash flow.
• B)has a future value (as an amount)equal to the future value of the annuity.
• C)has a future value (as an amount)equal to the sum of the annuity's cash flows.
• D)a and b.

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