True or false

11) Ordinary annuities assume that payments at the end of each period.

12) cash flows of $100 in years 1,3,5 constitute an annuity.

13) If r=12%, n=12, the PVIFA> 6.

14)A Canadian consol is a bond that matures in exactly 100 years.

15) With discount loan, Interest is not paid until the loan matures.