Question: If the interest rate is 4%, the factor for the future value of an annuity due of 1 for n=5,i = 4% is equal to

If the interest rate is 4%, the factor for the future value of an annuity due of 1 for n=5,i = 4% is equal to the factor for the future value of an ordinary annuity of 1 for n=5,i = 4% O divided by 1.04. O multiplied by 1.04. Ominus 1.04. O plus 1.04

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