7. Future value of annuities Aa Aa E Which of the following statements about annuities are true? Check all that apply. O When equal payments are made at the beginning of each period for a certain time period, they are treated as 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. An ordinary annuity of equal time earns less interest than an annuity due. Annuities are structured to provide fixed payments for a fixed period of time. Which of the following is an example of an annuity? O O A job contract that pays a regular monthly salary for three years A job contract that pays an hourly wage based on the work done on a particular day 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 $1,970 in her local bank, which pays her 6% annual interest. Luana decides that she will continue to do this for the next two years. Luana's savings are an example of an annuity. How much will she save by the end of two years? $4,301.69 $3,449.47 $4,058.20 $3,611.78 If Luana deposits the money at the beginning of every year and everything else remains the same, she will save by the end of two years