(TRUE or FALSE?) The process of converting the initial amount into a future value is called discounting. True False (TRUE or FALSE?) Computationally, the present value factor is the reciprocal of the future value factor. or 1/(1+i). True False (TRUE or FALSE?) In ordinary annuities, cash flows occur at the beginning of each period. True False (TRUE or FALSE?) With an amortized loan, the interest payments are greatest in the early years of an amortizing loan, and as the principal balance is reduced over time, the interest payments decline and more of each monthly payment goes toward paying down the principal. True False