what-is-the-key-difference-between-the-present-value-of-1-table-and-the-present-

Question

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

Accepted Answer

The $1 table is for lump sums; the annuity table is for series of payments.

Answer

The $1 table is for future values; the annuity table is for present values.

Answer

The $1 table is for interest rates; the annuity table is for periods.

Answer

The $1 table is for series of payments; the annuity table is for lump sums.

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