1. In finance time value of money problems, a finite series of equal payments over equal periods is referred to as

a. an equilibrium cash flow problem

b. an equal-equal cash flow problem

c. a perpetuity cash flow problem

d. an annuity cash flow problem

e. a growing annuity cash flow problem

f. none of the above are accurate

2. As interest rates increase, the PV of an expected future cash flow?

a. Decreases

b. Increases

c. Does not change