Question

Which of the following has the lowest time value of money at the same interest rate for the same number of payments? a. The present value of an annuity-due b. The future value or an annuity-due c. The future value of an ordinary annuity d. The present value of an ordinary annuity

Answer 1

d. The present value of an ordinary annuity

Step-by-step explanation:

The present value of an ordinary annuity has the lowest time value money for the same interest rate for the same number of payments.