The present value of the annuity will be less

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Suppose that you are promised $100 per year for the next ten years. Which of the following statements is CORRECT for any r > 0? a. The present value of the annuity will be greater than $1,000. b. The future value of the annuity at t = 10 will be less than $1,000. c. The present value of the t = 1 cash flow will be greater than $100. d. The future value of the t = 1 cash flow at t = 10 will be less than $100. e. The present value of the annuity will be less than $1,000

Reference no: EM131011270

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