1-which of the following statements is correct? A. A Time line is not meaningful unless all cash flows occur annually. B. Time lines are useful for visualizing complex problems prior to doing actual calculations. C. Tim lines cannot be constructed in situations where some of the cash flows occur annually but other occur quarterly. D.Time lines cannot be constructed for annuities where the payments occur at the beginning of the periods. E.Some of the cash flows shown on a time line can be in the form of annuity payments, but none can be uneven amounts. 2.your bank account pays a 6% nominal rate of interest the interest is compounded quarterly. Which of the following statement is CORRECT? A.The periodic rate of interest is 1.5% and the effective rate of interest is 3%. B.The periodic rate of interest is 6% and the effective rate of interest is greatet than 6%. C.The periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. D.The periodic rate of interest is 3% and the effective rate interest is 6%. E.The periodic rate of interest is 6% and the effective rate of interest is also 6%. 3- which of the following statements is CORRECT? A.The present value of a 3-year, $150 ordinary annuity will exceed the present value of a 3-year,$150 annuity due. B.If a loan has a nominal annual rate of 8%,then the effective rate will never be less than 8%. C.If a loan or investment has annual payments,then the effective,periodic,and nominal rates of interest will all be different. D.The proportion of the payment that goes toward interest on a fully amortized loan increase over time. E.An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller. 14.Your uncle has $300,000 invested at 7.5% and he now wants to retire. He wants to withdraw $35,717.65 at the end of each year,beginning at the end of this year. He also wants to have $25,000 left to give you whan he cease to withdraw funds from the account.What is the maximum number of $35,717.65 withdrawals that he can make and still have at least $25,000 left in the account? A.12 B.13 C.14 D.15 E.16