8. Which of the following statements is true? Assume both the ordinary annuity and annuity due have the following characteristics: interest rates are greater than zero, the same CF amount (e.g. $200 payments), and the same number of payments (e.g. annual payments for six years) The future value of an annuiy due is always greater than the future value of an ordinary annuity at the same interest rate Present value of an ordinary annuity is always greater than the present value of annuity due for a given interest rate. Both A and B are false a. b. c. 9. Which of the following statements best distinguishes the difference between real and financial assets? a. Financial assets represent claims to income that is generated by real assets. b. Financial assets appreciate in value; real assets depreciate in value. c. Real assets are worth less than financial assets. 10. In which of the following organizations would it be least likely to find the existence of agency roblems? a. A partnership b. A sole proprietorship C. A how your work! ercise #1 (6 points) u deposit $6,000 in a guaranteed investment account with a promised rate of 6% compounded NUALLY You plan on using the funds in four years to make a down payment on a new car. Using y these funds, how much of a down payment will you be able to make? tr oob , 06 1.o1 5