Which of the Following Properly Describes the Future Value of an Ordinary

question 21

Multiple Choice

Which of the following properly describes the future value of an ordinary annuity?

• A)The first payment is one period after the present value.
• B)The last payment is one period after the future value.
• C)The first payment is on the same date as the present value.
• D)The last payment is on the same date as the future value.