6. Future value of annuities Aa Aa There are two categories of cash flows: single cash flows, referred to as "lump sums," 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. Annuities are structured to provide fixed payments for a fixed period of time. An ordinary annuity of equal time earns less interest than an annuity due. When equal payments are made at the beginning of each period for a certain time period, they are treated as ordinary annuities When equal payments are made at the beginning of each period for a certain time period, they are treated as an annuity due. Which of the following is an example of an annuity? O A fund that invests in technology companies and distributes quarterly dividends for two out of four quarters per year but not always the same quarters O A retirement fund set up to pay a series of regular payments Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $1,690 in her local bank, which pays her 7% annual interest. Luana decides that she will continue to do this for the next eight years. Luana's savings are an example of an annuity. How much will she save by the end of eight years? O $17,339.07 O $18,552.80 $14,738.21 O $10,091.49 r uana depoaits the myear and evething eise remains the same, she wil save by the end of eight years