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Maru [420]
4 years ago
6

A specific present value of an ordinary annuity factor for a given number of periods and a specific discount rate is equal to th

e cumulative sum of the present value of single sum factors over the given number of periods for that discount rate.1. True2. False
Business
1 answer:
tekilochka [14]4 years ago
4 0

Answer:

True

Explanation:

This is true because if we add all the discounts factor of a particular rate 10% (suppose) for 10 years (suppose). Then the sum will be equal to the annuity factor at 10 years time. This is what the statement is saying above so it is 110% true.

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4 0
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zepelin [54]

Answer:

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Explanation:

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AlekseyPX

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Explanation:

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larisa86 [58]
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