Question: For a given n , PMT and i , is the present value of a deferred annuity the same as the present value of an

  1. For a given n, PMT and i, is the present value of a deferred annuity the same as the present value of an ordinary annuity?
  2. Does a portability clause in the mortgage agreement mean that a purchaser may acquire the existing mortgage? In a deferred annuity, is the original value or the future value used to calculate payments that commence at the end of the deferral period?

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