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The Future Value of an Annuity Due Is Always Greater

question 117

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The future value of an annuity due is always greater than the future value of an otherwise identical ordinary annuity for interest rates greater than zero.


Definitions:

Vein

A blood vessel that carries blood towards the heart. Most veins carry deoxygenated blood from the tissues back to the heart.

Capillary

The smallest of the body's blood vessels, connecting arterioles and venules, and playing a key role in the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and surrounding tissues.

Inappropriately Loud Voice

Speaking at a volume that is considered excessively high for the given social or contextual setting, often leading to discomfort or disturbance.

Talking

The act of communicating verbally, using spoken words to convey ideas, thoughts, or feelings.

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