Explain the relationship between Table 2, Present Value of $1, and Table 4, Present Value of an

Question:

Explain the relationship between Table 2, Present Value of $1, and Table 4, Present Value of an Ordinary 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,...