The factor for the present value of an ordinary annuity for 10% and eight periods is less than ________
A) the factor for the present value of an ordinary annuity for 8% and eight periods
B) the factor for the present value of an annuity due for 10% and eight periods
C) the factor for the present value of an ordinary annuity for 12% and eight periods
D) the factor for the present value of an ordinary annuity for 10% and ten periods
Answer: A
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