Given that an ordinary annuity and an annuity due have the same payments and positive interest rate,
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Question:
Given that an ordinary annuity and an annuity due have the same payments and positive interest rate, it follows that the present value of the ordinary annuity is greater than the present value of an annuity due.
Is this statement true or false? Please provide detailed explanation.
Related Book For
Fundamentals Of Financial Management
ISBN: 9781111795207
11th Edition
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
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