The present value of a set of cash flows is the sum of the present values of the individual cash flows. True O False Assuming equal annual payments, an equal number of periods and an equal required rate of return, an annuity due will always have a higher future value than an ordinary annuity. True False For an installment loan, for each successive payment, the amount of interest increases and the amount of the amount that goes towards principal decreases. O True False By reducing inventory, carrying costs are increased. True False