Soraya Set Designs Inc.,has received an award which entitles it to receive annual payments of $10,000 at the end of each year for the next ten years.Which of the following tables is used to calculate today's value of this award?
A) Present Value of $1
B) Present Value of an Ordinary Annuity of $1
C) Future Value of $1
D) Future Value of an Ordinary Annuity of $1
Correct Answer:
Verified
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