T/F question

1. All else equal, as the number of annuity cash flows increase, the present value of annuities decrease and the future value of annuities increase.

2. For a given present value of annuity, the higher the interest rate the lower the cash flow.

3. The function nper calculates the total number of periods for an annuity of lump sum

4. The function nper calculates the number of periods per year for an annuity of lump sum

5. We use a timeline when cash flows are the same each period and happen at regular intervals.