A specific present value of an ordinary annuity factor for a given number of periods and a specific discount rate is equal to the cumulative sum of the present value of a single sum factors over the number of periods for that discount rate.

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This is true. The formula for the present value of an ordinary annuity is the sum of the present values of each individual payment, which is equal to the payment amount multiplied by the present value of a single sum factor for that particular discount rate and period. Therefore, the present value of an ordinary annuity factor is the sum of the present values of each individual payment, which is the same as the cumulative sum of the present value of a single sum factors over the number of periods for that discount rate.

A Specific Present Value of an Ordinary Annuity Factor for a Given