An Annuity and an Annuity Due with the Same Number

question 7

Multiple Choice

An annuity and an annuity due with the same number of payments have the same future value if r = 10%. Which one has the higher payment?

• A)An annuity and an annuity due cannot have the same future value.
• B)There is no way to tell which has the higher payment.
• C)The annuity due has the higher payment.
• D)They both must have the same payment since the future values are the same.
• E)The annuity has the higher payment.

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