7. Which of the following is true: a) $10,000 today at 8.5% over 5 years =$4,429.60 today at 13% over 10 years b) $10,000 at end of 10 years at 13%=$10,000 today at 8.5% in 5 years c) $4,429.60 at end of 5 years at 8.5%=$10,000 today at 13% in 10 years d) None of the above is true Answer: The following describes what an annuity due is a) an evenly spaced series of cash flows at end of every period b) an evenly spaced series of cash flows at beginning of every period c) an evenly spaced series of cash flows in middle of every period d) an evenly spaced, perpetual series of cash flows at end of every period