true or false

o O 7. Mortgage payments are an example of an ordinary annuity O O O 0 O O 8. In an amortization schedule, annual interest expense increases from one year to the next 9. If you save $100 annually for 30 years and earn 4%, your future value the rate you could earn 11. Ordinary annuities assume that payments occur at the end of each period. 12. Cash flows of $100 in years 1, 3 and 5 constitute an annuity O O O 13. fr=12% and n = 12, the PVIFA > 6. O o 7. Mortgage payments are an example of an ordinary annuity. O O 8. In an amortization schedule, annual interest expense increases from one year to the next 9. If you save $100 annually for 30 years and earn 4%, your future value