Question: true or false. if false explain why 1. the change of payment method must always be used to convert a general annuity into an equivalent

true or false. if false explain why

1. the change of payment method must always be used to convert a general annuity into an equivalent simple annuity when the payment period is shorter than the interest compounding period

2. the higher the interest rate, the larger the future value of a simple annuity

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