13. An investment earning simple interest will yield a constant amount each year for the period of investment.

Select one:

a. True

b. False

14. An annuity is a series of equal cash payments for a started number of years.

Select one:

a. True

b. False

28. An annuity is best define as

Select one:

a. Any series of payments.

b. A series of equal payments for a specified number of years.

c. a series of payments for a specified period of timer.

d. A series of equal payments occurring at equal intervals for a specified number of periods.

29. All else being constant, the future value of an investment will increase if:

Select one:

a. The investment has more risk.

b. The investment is compounded at a higher interest rate

c. Both B and C.

d. The investment is compounded for a longer time.