Given a positive interest rate and a positive cash flow, an ordinary annuity always has a greater present value than an annuity due of the same size and number of cash flows
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The annuity due is always greater.
You might also like to view...
Once a child reaches age 19, the kiddie tax no longer applies.
Answer the following statement true (T) or false (F)
The capital account is not
a. increased by additional investments; b. decreased by withdrawals; c. increased by net income for the accounting period; d. decreased by a net loss for the accounting period; e. increased by withdrawals.
Principle-based ethics is based on the concepts of promises, justice, fairness, rights, and duties.
Answer the following statement true (T) or false (F)
What are the stages that the approaches to marketing strategy and practice usually pass through?
A) ambush marketing, multi-level marketing, and guerrilla marketing B) guerrilla marketing, ambush marketing, and affinity marketing C) multi-level marketing, undercover marketing, and evangelism marketing D) entrepreneurial marketing, formulated marketing, and intrepreneurial marketing E) undercover marketing, affinity marketing, and ambush marketing