4 . Annuities 8 ( (a) are a stream of equal payments at umsqual time intervals. are n stream of mual payments at equal time intervals. With mortized loans, such as a mort (a) interest is always mire than half of the payment armour (1) return of principalis nlwnys more than half of the payment amount {c] be proportion of interes to the local decreases later in the payment schedule {d) the proporticm of interest to the total increuses later in the payment schedule. (c) are a scam atqual payments that comtinue Rever. (d) all of the above. (el 100 of the above 9 Mortgage loans 5 Sinking funds: (a) are used to purchiaren estate (a) are a series of equal paynet. (6) are pritarily lous lunt (b) (c) are made to an account designated to pay off a bond's principal. help to reassure handhalders that a company can repay a bond's principal at maturity all of the above usually have more than half the halance remaining when the loan is half-way to maturity have tax deductible interest (c) d) (d) (e) all of the above 6. 10. At 12% ittaest compounded quactualy for 5ycks, wat is the interest rate and the number of periods that will be computed here a present ce future value tahle can he used? Wluck of the following forawes is the correct way to express a future value two wars into the future hased on a present value and an interest rate? TV- (a) 12%, 5 periods {a PV (I -ky-PV (1+k) (k) (b) 6%, 10 period b) PVil kl (1 k) (c) c1 PV (1-1 3%, 20 period 4% 15 periode (d) (d) all of the abwe ure CONTACT 7 The basic nile of the time value of money is: (a) investments will always be worth more tomorrow then they are today (b) it's always wiser to save a dollar fix toy.omy: than to spend it today (ci a dollar in hand today is worth more than a dollar promised at some time in the future all of the above express an aspect of the basic rule of Lime value of necey (d)