Which statement is false?
a. The factor for the future value of an annuity due is found by multiplying the ordinary annuity table value by one plus the interest rate.
b. The factor for the present value of an annuity due is found by multiplying the ordinary annuity table value by one minus the interest rate.
c. The factor for the future value of an annuity due is found by subtracting 1.00000 from the ordinary annuity table value for one more period.
d. The factor for the present value of an annuity due is found by adding 1.00000 to the ordinary annuity table value for one less period.
Answer: b. The factor for the present value of an annuity due is found by multiplying the ordinary annuity table value by one minus the interest rate.
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Indicate whether the statement is true or false
Insurance producers may be licensed to write one or more of the following lines of insurance EXCEPT:
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