Question: A specific present value of an ordinary annuity factor for a given number of periods and a specific discount rate is equal to the cumulative

A specific present value of an ordinary annuity factor for a given number of periods and a specific

discount rate is equal to the cumulative sum of the present value of a single sum factors over all the

discount rates for that specific number of periods. true/false

For any discount rate and number of periods, the present value of an annuity due factor is always greater than the corresponding present value of an ordinary annuity factor. true/false

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