Explain the difference between the present value factor tables Present Value of $ 1 and Present Value

Question:

Explain the difference between the present value factor tables— Present Value of $ 1 and Present Value of of $ 1.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...