Question: Question 1 (1 point) True or False? In a simple annuity, the conversion period (compounding period) is the same length as the payment interval (payment

Question 1 (1 point) True or False? In a simple annuity,

Question 1 (1 point) True or False? In a simple annuity, the conversion period (compounding period) is the same length as the payment interval (payment timing) True False Question 2 (1 point) True or False? Residential mortgages is a common example of general annuities where the interest is compounded semi-annually, however the payments are made at various intervals (weekly, bi-monthly, monthly, etc). True False

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