Business, 09.12.2019 19:31 mrsdeanwinchester18

The present value of an ordinary annuity is:
a) the amount that would be paid today in order to receive a series of unequal payments in the future

b) the amount that would be paid today in order to receive a series of equal payments in the future

c) the amount that would be paid in the future in order to receive a series of unequal payments leading up to that point

d) the amount that would be paid in the future in order to receive a series of equal payments leading up to that point

e) none of the above

Answers: 3

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The present value of an ordinary annuity is:
a) the amount that would be paid today in order...