QUESTION 4 1 points Save Answer Time lines can be constructed for annuities where the payments occur at either the beginning or the end of the periods. O False QUESTION 5 1 points Save Answer Suppose Sally Smith plans to invest $1,000. She can cam an effective annual rate of 5% on Security A, while Security B has an effective annual rate of 12%. After 11 years, the compounded value of Security B should be more than twice the compounded value of Security A ignore risk, and assume that compounding occurs annually.) True O False QUESTION 6 1 points Save Answer Starting to invest early for retirement increases the benefits of compound interest True False QUESTION 7 1 points Save Answer If the discount (or interest) rate is positive, the present value of an expected series of payments will always exceed the future value of the same series True