1. An increase in the frequency of compounding will increase the future value of an investment if all other factors are held constant.
True
False
2. All streams of cash flows are called annuities.
True
False
3. An amortized or installment loan represents an annuity whose cash flows consist of the loan payments.
True
False
4. An annuity due will have a smaller present value than a normal annuity.
True
False