Other factors being equal, is the PV of an annuity due larger if the given nominal discount rate is compounded monthly instead of annually Explain briefly ...

No If the given nominal rate is compounded monthly the correspo ...

Other factors being equal, is the PV of an annuity due larger if the given nominal discount

Question:

Other factors being equal, is the PV of an due larger if the given nominal is compounded monthly instead of annually? Explain briefly.
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,... Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...