To determine the converted table factor for the present value of an annuity due, one must find the factor for the present value of an ordinary annuity for
A) n + 1 and then subtract 1.
B) n − 1 and then subtract 1.
C) n + 1 and then add 1.
D) n − 1 and then add 1.

Question

Quizplus · Accepted Answer

The Answer of To determine the converted table factor for the present value of an annuity due, one must find the factor for the present value of an ordinary annuity for
A) n + 1 and then subtract 1.
B) n − 1 and then subtract 1.
C) n + 1 and then add 1.
D) n − 1 and then add 1.

To Determine the Converted Table Factor for the Present Value