Which of the following statement is correct? O An annuity can be described as a perpetuity that goes on forever. All the answers are incorrect. O Other things being equal, the less frequently interest is compounded, the more interest the investment will earn. O Annuities due is the payments are made/received at the end of the period. O The payments of an amortized loan reflect an increasing amount going toward principal and a decreasing amount going toward interest over time. Which of the following statement is correct? O Future cash outflows are less burdensome than present cash outflows of the same amount. O All the answers are incorrect. O When the periodic payments are made at reqular intervals, we say that the cash flow streams are uneven. An annuity due is best defined as a series of unequal payments occurring at unequal intervals for an unspecified number of periods at the beginning of each period. OA perpetuity is an annuity with a finite number of payments Which of the following statement is correct? O All the answers are incorrect. Zero interest rate indicates that money has time value. O Present value is positively related to interest rates and the number of periods. O The smallest compounding period is used when we do continuous compounding. Money expected or promised in the future is worth more than the same amount of money in hand today