true or false

o o 11. Ordinary annuities assume that payments occur at the end of each period. O O 12. Cash flows of $100 in years 1, 3 and 5 constitute an annuity. O O 13. Ifr=12% and n=12, the PVIFA > 6. O O 14. A Canadian consol is a bond that matures in exactly 100 years. 15. With a discount loan, interest is not paid until the loan matures