Write TRUE if the statement is correct but if it is FALSE , change the capital letters word or group of words to make the whole statement true.

1. AMOUNT OF AN ANNUITY is the sum of future values of all the payments to be made Juring the entire term of the annuity ________

2. A type of annuity in which the payments are made at the beginning of each payment interval is called ORDINARY ANNUITY.________

3. ANNUITY DUE is a type of annuity in which the payments are made at the beginning of each payment interval._______

4. SIMPLE ANNUITY is an anmaty where the payment interval is the same as the interest period. ________

5. The time between successive payments is called TERM OF AN ANNUITY . ____________

6. A CASH FLOW is a term that refers to payments received or deposits made. ______

7. The sum of present values of all the payments to be made during the term of the annuity is called PRESENT VALUE OF A ANNUITY._______

8. GENERAL ANNUITY is an annuity where the payment interval is not the same as the Interest period.._______

9. PAYMENT INTERVAL is the time between successive payments: ______

10. An ANNUITY is a sequence of payments made at equal intervals or periods of time.___________



please respect my question thank you for answering it

​