annuities are identical with the exception of the payment dates. Annuity A pays on the first of each month while annuity B pays on the last day of each month. Which one of the following statements is correct concerning these two annuities?
a.Both annuities are of equal value today.
b.Annuity B is an annuity due.
c.Annuity A has a higher future value than annuity B.
d.Annuity B has a higher present value than annuity A.
e.Both annuities have the same future value as of ten years from today.