1. Which of the following is NOT correct regarding annuity?
a. All other things equal, the future value of an ordinary annuity is less than the future value of an annuity due (assuming interest rate is positive).
b. Other things held constant, as the interest rate increases, the present value of an annuity increases.
c. An annuity is a series of equal payments occurring at equal interval of time.
d. Other things held constant, as the length of the annuity increases, the future value of the annuity increases.
2. Which finance career classification involves managing cash that flows through a business?
a. consulting
b. corporate finance
c. investment banking
d. commercial banking