It is false for a uniform series of monthly cash flows that begins at the end of five years (i.e., month 60), the P/A factor will yield a P value at the end of year four.
Present value is used to measure the amount of return a particular cash flow will have at the end of a particular year.
The p value is expected to yield at the end of five years.
Therefore, It is false for a uniform series of monthly cash flows that begins at the end of five years (i.e., month 60), the P/A factor will yield a P value at the end of year four.
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