Attention: Due to a bug in Google Chrome, this page may not tunction correctly. Click here to learn more. Aa Aa 6. Future value of annuities There are two categories of cash flows: single cash flows, referred to as "lump sums," and annuities. Based on your understanding of annuities, answer the following questions. Which of the following statements about annuities are true? Check all that apply. DAn annuity is a series of equal payments made at fixed intervals fo D An annuity due is an r a specified number of periods. annuity 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. An annuity due earns more interest than an ordinary annuity of equal time. Which of the following is an example of an annuity? O A fund that invests in technology companies and distributes quarterly dividends for two out of four quartens per year but not always the same quarters O A retirement fund set up to pay a series of regular payments Ashley 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 $1,410 in her bank account, which pays her 4% interest annually. Ashley wants to keep saving for four years and then buy the newest LCD model that is available. Ashley's savings are an example of an annuity. How much money will Ashley have to buy a new LCD TV at the end of four years? O $5,118.15 O $5,089.38 $5,987.51 O $6,227.01 If Ashley deposits the money at the beginning of every year and everything else remains the same, she will save by the end of four years. esc G Search or type URL