Question: QUESTION 7 Normal annuity present value ( PV ) is lower than the present value of an annuity due. Assuming the periodicity, periodic cash flow
QUESTION
"Normal annuity" present value PV is lower than the present value of an "annuity due." Assuming the periodicity, periodic cash flow and the interest rate
remain the same for the normal annuity and annuity due. Assume that the interest rate is positive.
True
False
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