Choose the most suitable answer.

(a) Computing future value involves:

(i) simple interest rate formula

(ii) compound interest rate formula

(iii) the average of both the above

(b) An annuity involves:

(i) uniform cash flow during different periods

(ii) different size of cash flows during different periods

(iii) both of the above

(c) Annuity due is a case in which:

(i) uniform cash flows occur at the end of each period

(ii) uniform cash flows occur at the beginning of each period

(iii) uniform cash flows occur in the middle of each period

(d) With increasing frequency of compounding:

(i) annual percentage yield = annual percentage rate of interest

(ii) annual percentage yield > annual percentage rate of interest

(iii) annual percentage yield < annual percentage rate of interest

(e) When cash flow grows at a constant percentage rate per period:

(i) arithmetic growth rate factor is taken into account

(ii) compound growth rate factor is taken into account

(iii) none of the above