On January 1, 2019, Betsy deposited $100,000 in a fixed-indexed annuity that employs the "annual point-to-point" indexing method. During 2019, the stock market index decreased from a beginning value of 3,000 to an ending value of 2,700. During 2020, it increased from 2,700 to 2,800. Which of the following statements regarding this fixed-indexed annuity is true? 1. In 2020, no excess interest is credited to the annuity since the ending index value of 2,800 is still below its initial 2019 value of 3,000. II. In 2019, the annuity will decrease in value because of the decline in the index during the year. neither I nor II Il only I only both I and