What is the key difference between the present value of \$1 table and the present value of ordinary annuity table?

• A. The \$1 table is for future values; the annuity table is for present values.
• B. The \$1 table is for interest rates; the annuity table is for periods.
• C. The \$1 table is for series of payments; the annuity table is for lump sums.
• D. The \$1 table is for lump sums; the annuity table is for series of payments.

Answer: (D)