Is it is an annuity where the payment interval is the same as the interest period?

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Chapter 12

True/False

This activity contains 10 questions.

	The difference between the amount deposited into an account and the balance in the account is interest.    True  False

	With a general annuity, the length of the interest conversion period is the same as the length of the payment interval.    True  False

	To calculate the effective rate of interest per payment period, the letter p is the same as the letter c in the formula.    True  False

	In the case of an ordinary general annuity, if the interest conversion period is shorter than the payment period, then each payment period contains only a fraction of one conversion period.    True  False

	In an ordinary general annuity, if interest is compounded monthly, and payments are made quarterly, the n in the calculation is the number of months in the term of the annuity.    True  False

	The FV on the calculator is the same as the FV function in Excel.    True  False

	To calculate the payment on a mortgage, both the P/Y and the C/Y must be set at 12.    True  False

	The present value of an annuity has the same meaning as the cash value of an annuity.    True  False

	The amount shown when the PMT is calculated will be negative since payments are considered to be cash outflows.    True  False

	When the term of an annuity is calculated, the number resulting is always in years.    True  False

Is an annuity where the payment interval is the same as the interest period?

Is an annuity where the payment interval is?