True or When simple interest is used the accumulated amount

True or When simple interest is used, the accumulated amount is a linear function of time. True or false Compound interest that is converted once a year is the same as simple interest. True or false. If interest is compounded annually, then the effective rate of interest is the same as the nominal rate of interest. True or false. The present value is always smaller than the future value. True or false. The future value of an annuity can be found by adding together all the payments that are paid into an account. True or false. The periodic payment R where and P is the loan amount and i\' is the interest per period that will amortize the loan at the end of the term comprising n periods. True or false. A sinking fund is the accumulated amount to be realized at some future date (the end of the term) when a fixed number of periodic payments are paid into an account earning interest at the rate of i per period.

Solution

Answered first four problems, post multiple question to get the remaining answers

1) Simple Interest = P*R*T/100

Hence the interest is a linear function of time, since PR/100 will be a constant

Hence the statement is TRUE

2) A = P(1+rt)^(1) = P + Prt

Hence the compound interest is same as the simple interest

3) The statement is TRUE

4) The statement is FALSE, since it depends on the value of r and t both must be positive