Life tables and mortality tables are constructed for basic purposes and for the reference of all industries in an economy; therefore, they are based on general populations. T or F

Interest rates can be ignored in retirement plans because it is spread over a relatively long period. T or F

Females are the biologically more resilient than males. T or F

Compounding can have a significant effect if the principle amount is huge, despite a short savings period. T or F

Select tables are used to make mortality calculations without the selection effects of medical examination. T or F