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

question 2

Multiple Choice

Which of the following properly describes the present 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.

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Definitions:

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Psychiatric Illness

A broad category of mental health disorders that affect mood, thinking, and behavior, requiring clinical diagnosis and treatment.

Behavioral Medicine

An interdisciplinary field combining both medicine and psychology to develop interventions for improving health and treating illness through behavioral changes.