There are three categories of cash flows: single cash flows, also referred to as "lump sums," a stream of unequal cash flows, and annuities. Based on your understanding of annuities, answer the following questions. Which of the following statements about annulties are true? Check all that apply. An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annulties make fixed payments at the beginning of each period for a certain time perlod. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. An annuity is a series of equal payments made at fixed intervals for a specified number of periods. Which of the following is an example of an annulty? 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 Which of the following is an example of an annuity? A job controct that pays a regular monthly salary for three years A. job contract that pays an hourly wage based on the work done on a perticular day Megan has a large and growing collection of animated movies. She wants to replace her old television with a new icD model, so she has started soving for it. At the end of each yoac, she deposits $700 in her bonk account, which pays her 9% interest annually, Megan wants to keop saving for 4 years and then buy the newest LCD model that is avaltable. Megan's savings are an example of an annuity. How much money will Megan heve to buy a new LCD TV at the end of 4 years, rounded to the nearest whole dollar? $3,201$3,489$4,321$2,721 If Megan deposits the money at the beginning of every year and everything else remains the same, she will save by the end of 4 years