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7. Future value of annuities There are two categories of cash fowst tingle cash fieml, referred to as lame nuefis, and annuities, Mased on

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7. Future value of annuities There are two categories of cash fowst tingle cash fieml, referred to as "lame nuefis, " and annuities, Mased on your urdentanding of asnuties. anower the falowing guestions. Whictiof the fohbeing ttatements about ancuities are true check av ehe agpyy. An annuty due farns more interest thon an urdiary ashuty of equak fieme An arhafty is a weres of equal paymenta made at focd isterals tar a secofed humtir it peibuts. Ora nary annoitiks make find bepmests ar the begutning of each period be a certain tias gevisd. Whictr of the fodowing is an eaktyile of an annifr? A job coetrect that fayn e cegular manthiy matary far the pese pere An mhiaify doe earns more intereat than an ordansey anmuty of edual tyme Whith of me tritewing is an examiple of an arnuity? A jela contract that pars an touriy sage based on the more ione on a particadar feyr A yob contrati that pays a ragear monthiy sazary far three yems. as example of an annuity. How moch mia stie save by the end of fory yasa? The prtscipat ariount af i perpetioty is repaid as a kmpioum ainciant. late will pais ratit an quir depenist 9.5+7= 8.9104 D. his warken insrmilme ta: Which of the fucsieing are charactenistici of a serpetuity? Check an that applyi The pringest ampure of a perpetuly is repas as a lamp-tum intount. Hate mal you nestron bour sipositr 0.5 0.91% a.fins: cups. Whe you mect lit te mate your depont, the nans reghesai incormert and shoud have sead 553,500. Tha revion, what an and eotned intarsotiate ta 7. Future value of annuities There are two categories of cash flows: single cash fiows, referred to as "lump sums," and annuities. Eased on your underatanding of annuiles, answer the following questions. Which of the following statements about annuities are true? check all that apply. An annulty due earns more interest than an ordinary annuity of equal time. An annuity is a series of equal payments made at fixed intervals for a specifed number of pericds: An annuity due is an aninuity that makes a payment at the beginning of each period for a certain time period. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. Which of the following is an example of an annuity? A job contract that pays an hourly wage based on the work done on a particular day A job contract that pays a regular monthly salary for three years Which of the following is an example of an annulty? A job contract that pays an hourly wage based on the work done on a particular day A job contract that pays a regular monthly salary for three years Luans 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. $570 in her local bank, which pays her 695 annual interest. Luana decides that she will continue to do this for the next four yaars. Luana's sayngs ate an example of an annuity. How much will she save by the end of four years? 52,643.14 52,119.50 51,975,11 $2,493.53 If Luana deposits the money at the beginning of every year and everything else remains the same, she will save. by the and of four: years

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