1. Future value of annuities II There are three categories of cash flows single cash flows, also referred to as "lump sums," a stream of unequal cash flows, and annuities Based on your understanding of annuities, answer the following questions Which of the following statements about annuities are true? Check all that apply. An annuity due cams more interest than an ordinary annuity of equal time. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. An annuity is a series of equal payments made at foed intervals for a specified number of periods. Ordinary annuities make faced payments at the beginning of each period for a certain time period. Which of the following is an example of an annuity? O A job contract that pays an hourly wage based on the work done on a particular day O A job contract that pays a regular monthly salary for three years Juanita has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so she has started Saving for it. At the end of each year she deposits 5700 in her bank account, which pays her 9% interest annually. Juanita wants to keep saving for 6 years and then buy the newest LCD model that is available. Juanita's savings are an example of an annuity. How much money will Juanita have to buy a new LCD TV at the end of 6 years, rounded to the nearest whole dollar? O $7.109 O $4.476 $5.740 $5,266 O $5,740 $3.950 55.266 $7.175 IF Juanita deposits the money at the beginning of every year and everything else remains the same, she will save by the end of 6