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Ordinary annaities make foxed payments at the beginning of each period for a certain time period. An annuity due is an annuity that makes a

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Ordinary annaities make foxed payments at the beginning of each period for a certain time period. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time penod. An annuity is a series of equal payments made at foed intervals for a specified number of periods. Which of the following is an example of an annuty? A job contract that pays a regular monthly salary for three years A job contract that pays an hourly wage based on the work done on a particular day Ginny had a high monthly food ball belore she decided to cook at home every day in order to reduce her expenses. She starts to save so00 ewry yeat and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 8 sh annual interest. Ginny savings are an example of an annuity. If Ginny decides to renovate her kitchen, how much would she have in her savings account at the end of 3 years, rounded to the nearest ahoie dollar? $2,207 52,805 $2,597 $3,506

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