the True and False questions on the MATH 5 attachment. Please respond with detail. Please also answer the following 2 math questions below. Question 4 A. B. C. D. E. Question 2 Metro Department Store's annual sales (in millions of dollars) during 5 years were Annual Sales, y Year, x 5.8 6.1 7.2 8.3 9 1 2 3 4 5 Plot the annual sales (y) versus the year (x) and draw a straight line L through the points corresponding to the first and fifth years and derive an equation of the line L. A. B. C. 9/13/2017 Week 5 "Mathematics of Finance" - MA170 Finite ... True or False 1. 2. 3. 4. 5. True or false. When simple interest is used, the accumulated amount is a linear function of time. True or false. Compound interest that is converted once a year is the same as simple interest. True or false. If interest is compounded annually, then the effective rate of interest is the same as the nominal rate of interest. True or false. The present value is always smaller than the future value. True or false. The future value of an annuity can be found by adding together all the payments that are paid into an account. 6. True or false. The periodic payment R where and P is the loan amount and i is the interest per period that will amortize the loan at the end of the term comprising n periods. 7. True or false. A sinking fund is the accumulated amount to be realized at some future date (the end of the term) when a fixed number of periodic payments are paid into an account earning interest at the rate of i per period. https://lms.grantham.edu/webapps/blackboard/content/listContent.jsp?course_id=_45039_1&content_id=_3730540_1&mode=reset 1/1 1) 2) 3) 4) 5) 6) 7) TRUE the formula for simple interest is I = P*r*t, so the relationship itself says that I is directly proportional to tand tis of order 1, so the interest is linearly dependent. -False, no this is not true because in compound interest the interestpart also gets added to the principal and then the next years interest is computed on the total amount, while in simple interestthe interest part is not included in the principal to compute the interest. True.The effective interest rate is given by r = (1+i/n)nWhenn = 1 (annual compounding) then we have r=(1+i)1 True.Future value is a result of regular investment over time and therefore it has interest accumulated init while present value of a future amount will always be less because it is the estimate of amount as oftoday, so it's without any interest False.The FV of an annuity with payments at the beginning of each period: m is theamount, r is the interest, n is the number of periods per year, and t is the number of years True.Let where P = principal, i = interest rate per period, n = number of periods, R = monthlypayment, thenR = P r / [1 (1 + r)-n] True.It is a fund formed by periodically setting aside money for the gradual repayment of adebt or replacement of a wasting asset.The amount at period n is the amount at period (n-1) plus interest earned on that plus theperiodic payment 1) 2) 3) 4) 5) 6) 7) TRUE the formula for simple interest is I = P*r*t, so the relationship itself says that I is directly proportional to tand tis of order 1, so the interest is linearly dependent. -False, no this is not true because in compound interest the interestpart also gets added to the principal and then the next years interest is computed on the total amount, while in simple interestthe interest part is not included in the principal to compute the interest. True.The effective interest rate is given by r = (1+i/n)nWhenn = 1 (annual compounding) then we have r=(1+i)1 True.Future value is a result of regular investment over time and therefore it has interest accumulated init while present value of a future amount will always be less because it is the estimate of amount as oftoday, so it's without any interest False.The FV of an annuity with payments at the beginning of each period: m is theamount, r is the interest, n is the number of periods per year, and t is the number of years True.Let where P = principal, i = interest rate per period, n = number of periods, R = monthlypayment, thenR = P r / [1 (1 + r)-n] True.It is a fund formed by periodically setting aside money for the gradual repayment of adebt or replacement of a wasting asset.The amount at period n is the amount at period (n-1) plus interest earned on that plus theperiodic payment