Relationship between an ordinary annuity and an annuity due. Compare the present value of a $6,000 ordinary annuity at 10 percent interest for ten years with the present value of a $6,000 annuity due...

Relationship between an ordinary annuity and an annuity due. Compare the present value of a $6,000 ordinary annuity at 10 percent interest for ten years with the present value of a $6,000 annuity due at 10 percent interest for eleven years. Explain the difference.

Future value of an annuity table. In the future value annuity table, why is the future value factor for a one-year annuity equal to 1.00 at any interest rate?