9. Future value of annuities Aa Aa 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. 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. 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 lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time O An investment in a certificate of deposit (CD) 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 12% annual interest. Luana decides that she will continue to do this for the next three years. Luana's savings are an example of an annuity. How much will she save by the end of three years? O $5,650.43 O $4,731.61 O $7,445.28 O $6,647.57 If Luana deposits the money at the beginning of every year and everything else remains the same, she will save by the end of three years