If you pay off a loan early, you must also pay all the remaining interest payments along with the loan balance.

Group of answer choices

True

False.

Which of the following is correct?

Group of answer choices

Present values increase with a longer compounding period.

Present values increase with a higher interest rate.

Future values increase with a lower interest rate.

Future values increase with a longer compounding period.

3.

What does it mean when you see the message Error 5 on your Texas Instruments financial calculator when using its TVM keys?

Group of answer choices

You made a mistake when using the TVM keys.

There is a problem with your calculator.

It is time to change the calculators battery.

Error 5 is the real answer.

Which one of the following cannot be computed?

Group of answer choices

Present value of a perpetuity.

Future value of a perpetuity.

Future value of an annuity.

Present value of an annuity.