TFQ4

Once you determine that you are solving for the​ "PMT" variable, the appropriate formula to use is determined by the values of ​ "r and n

False, its FV or PV

The simple FV formula is to be used to solve for the PV of an uneven stream of cash flows

False

To find the amount needed at the beginning of your retirement period that would enable you to make desired annual withdrawals from your​ account, you would solve for​ "PMT" in the FVA formula.

False, PMT in PVA formula

To find the​ "PMT" in the FVA or PVA​ formulas, we calculate the value in the bracket and then multiply it by the FVA or PVA.

False, divide

When solving for the future value of a stream of unequal cash​ flows, it is important to add together the values BEFORE applying the future value formula to determine their future value.

False, dont do that

With the PVA and PVP​ formulas, if the first​ "PMT" you use is for the end of period​ 8, then the formula will give you the value as of the end of period 9

False, end of period 8

To find the loan amount for a​ fixed-rate fully-amortized​ loan, solve for​ "PMT" in the PVA formula

False, solve for FVA

Perpetuities are like annuities that go on forever.

True

The variable​ "n" in the annuity formulas represents the number of​ "PMT"s.

True

When solving for the FV of an uneven stream of cash​ flows, the appropriate exponents go down as you go from left to right on the time line of those cash flows

True