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Identify which of the following statement is true for annuities. A) An annuity due earns less interests than an ordinary annuity of equal time period.
Identify which of the following statement is true for annuities. A) An annuity due earns less interests than an ordinary annuity of equal time period. B) When equal payments are made at the beginning of each period for lifetime, they are treated as ordinary annuities. C) An annuity is a series of unequal payments made at fixed intervals for a specified number of periods. D) An annuity due is an annuity that makes a payment at the beginning of each period for a specific period
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