If the future value of annuity A is greater than the future value of annuity B, then the present value
of annuity A must also be greater than the present value of annuity B.
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which of the following is an example of an input control test?
a. sequence check b. zero value check c. spooling check d. range check
Which of the following securities is eligible for a cumulative dividend?
A. Debenture bonds B. Preferred stock C. Classified stock D. Common stock E. Founders' stock
Eager Beaver Corporation fails to hold a meeting to adopt bylaws. Under this circumstance, Eager Beaver will still be treated as a legal corporation in those states that recognize the common law doctrine of
A. corporation by estoppel. B. de facto corporation. C. de jure corporation. D. ultra vires.
Which of the following is correct with respect to Article 2A of the UCC?
A) It is an analogue of Article 2 that adopts many of the same rules. B) No states have as yet adopted 2A. C) Article 2A specifically includes security interests in its scope. D) All of these.