An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annuities make fixed payments at the end of each period for a certain time period. Which of the following is an example of an annuity? A fund that invests in technology companies and distributes dividends every quarter A retirement fund set up to pay a series of regular payments Kyoko has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so she has started saving for it. At the end of each year, she deposits $750 in her bank account, which pays her 8% interest annually. Kyoko wants to keep saving for 8 years and then buy the newest LCD model that is available. Kyoko's savings are an example of an annuity. How much money will Kyoko have to buy a new LCD TV at the end of 8 years, rounded to the nearest whole dollar? $10,769$7,977$6,780$8,615 If Kyoko deposits the money at the beginning of every year and everything else remains the same, she will save by the end of 8 years