To determine the converted table factor for the present value of an annuity due, one must find the factor for the present value of an ordinary annuity for

A) n + 1 rents and then subtract 1
B) n - 1 rents and then subtract 1
C) n + 1 rents and then add 1
D) n - 1 rents and then add 1

Annuity Due

A type of annuity payment where payments are made at the beginning of each period, instead of at the end, which is common in standard annuities.

Ordinary Annuity

A series of equal payments made at equal intervals over a period of time, with the first payment occurring at the end of the period.

Present Value

The existing value of a future sum or cash flow sequence, assessed with a certain rate of return.