True or False
1) Annuity refers to the fixed sum of money paid to someone at regular intervals and subject to fixed compound interest.
2) In General Annuity, the payment interval is also the same as the interest period
3) Future Value is the sum of all the payments to be made during the entire term of the annuity.
4) Each payment in an annuity is called Interest Payment.
5) If the payment is made at the end of each month for money borrowed that charges 0.15% interest compounded quarterly, then it is a general annuity