The amount of annual payments necessary to repay a mortgage loan can be found by reference to the present value of an annuity table.

The amount of annual payments necessary to accumulate a desired total can be found by reference to the present value of an annuity table.

FALSE


In evaluating capital investment projects, current outlays must be judged against the current value of future benefits.
TRUE


The farther into the future any given amount is received, the larger its present value.
FALSE


The interest factor for the future value of an annuity is simply the sum of the interest factors for the future value using the same number of periods.
FALSE


An annuity is a series of consecutive payments of equal amount.
TRUE


Using semi-annual compounding rather than annual compounding will increase the future value of an annuity.
TRUE

When the inflation rate is zero, the present value of $1 is identical to the future value of $1.
FALSE


Pension fund retirement accounts use the present value of an annuity to calculate the ending value upon retirement.
FALSE



The amount of annual payments necessary to repay a mortgage loan can be found by reference to the present value of an annuity table.
TRUE