12:22 AM s3.us-east-1 . Which of the following statements is INCORRECT? A) The cash flows for an ordinary annuity occur at the end of the periods B) If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity C) The cash flows for an annuity due must occur at the beginning of the periods D) The cash flows for an annuity must all be equal, and they must occur at regular intervals, such as once a year or once a month Which of the following statements is false? A) If we want to know how much we should save now so that we can withdraw a given amount in 2. we calculate the future value B) Future value annuity is the amount we will have in the future if we save same amount of money at regular interval for a period of time C) Ifwe want to know how much we should pay for an investment, we calculate the present value D) Present value annuity is the amount we need to have today in order for us to withdraw same amount of money at regular interval for a period of time. 3. Which of the following statements is true? A) Future values decrease with increases in interest rate B) Present values increase with increase in discount rate C) Future values decrease with increase in number of compounding periods. D) Present values decrease with increase in number of periods Two accounts with the same quoted annual interest rate (APR) would have: A) same effective annual rate (EAR) if they have different compounding periods in a year B) same effective annual rate (EAR) if they have same compounding periods in a year C) same effective annual rate (EAR) if one compounds the interest more often than the other D) different effective annual rate (EAR) if they have same compounding periods in a year 4. 5, Given the following cash flows, what is the future value if the interest rate is 5%? Cash Flow S 500 S 650 S 800 Year