Take the following as truth: ACTUARIAL PRESENT VALUE - The value of an amount or series of amounts payable or receivable at various times, determined as of a given date by the application of a particular set of actuarial assumptions.
Then the following statement: " The value of an amount or series of amounts payable or receivable at various times is determined as of the second Monday of each month." is true, false, or inconclusive?
Answer: Inconclusive