you are comparing two annuities. Annuity A pays 100 dollars at the end of each month for 10 years. Annuity B pays 100 dollars at the beginning of each month for 10 years. The rate of return on both annuities is 8 percent. Which one of the following statements is correct given this information?
a- the present value of annuity A is equal to the present value of annuity B
b- annuity b will pay one more payment than annuity A will
c- the future value of annuity A is greater than the future value of annuity B
d- annuity B has both a higher present value and a higher future value than annuity A
e- annuity A has a higher future value but a lower present value than annuity B