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01000000439b2b20040000&ctx-azissu-00358ck-m 1541356391086,0AAA051001658068862 Attempts: Average: /7 1. 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. When equal payments are made at the end of each period for a certain time period, they are treated as an annuity due. When equal payments are made at the end 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 annuilty due D A perpetuity is a series of equal payments made at fiked intervals that continue infinitely and can be thought of as an infinite annuity 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 later for some period of time O An investment in a certificate of deposit (CD) Luana loves shopping for dothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $990 in her local bank, which prys her 11% annual interest. Luana decides that she will continue to do this for the next seven years. Luana's savings are an example of an annuity. How mach wi she save by the end of seven years? O $10,750.84 O $8,232.62 O $4,665.07 O $9,685.44 If Luana deposits the money at the beginning of every year and everything else remains the same, she wil save by the end of seven years