Below are excerpts from time value of money tables for the 8% rate.

-Column 2 is an interest table for the:
A) Present value of an ordinary annuity of $1.
B) Future value of an ordinary annuity of $1.
C) Present value of an annuity due of $1.
D) Future value of an annuity due of $1.

Question

Below are excerpts from time value of money tables for the 8% rate.

-Column 2 is an interest table for the:
A) Present value of an ordinary annuity of $1. 
B) Future value of an ordinary annuity of $1. 
C) Present value of an annuity due of $1. 
D) Future value of an annuity due of $1.

Quizplus · Accepted Answer

Column 2 is the future value of an ordinary annuity of $1, which is the most commonly used type of time value of money calculation. The other options are for different types of annuities and would require adjusting the calculations.

Below Are Excerpts from Time Value of Money Tables for the 8