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 annuities are true? Check all that apply. An ordinary annulty of equal time earns less Interest than an annuity due. When equal payments are made at the beginning of each period for a certain time period, they are treated as an annuity due. Annuities are structured to provide fixed payments for a fixed period of time. When equal payments are made at the beginning of each period for a certain time period, they are treated as ordinary annuities. Which of the following is an example of an annuity? O A fund that invests in technology companies and distributes dividends every quarter O A retirement fund set up to pay a series of regular payments Lucia had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to save $800 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 10% annual interest. Lucia's savings are an example of an annuity. If Lucia decides to renovate her kitchen, how much would she have in her savings account at the end of 2 years, rounded to the nearest whole dollar? O $1,428 O $1.84 O $1, O $2,268 IF Lucia deposits the money at the beginning of every year and everything else remains the same, she will save by the end of 2 years O A retirement fund set up to pay a series of regular payments Lucia had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to save $800 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 10% annual Interest. Lucia's savings are an example of an annuity. If Lucia decides to renovate her kitchen, how much would she have in her savings account at the end of 2 years, rounded to the nearest whole dollar? O $1,428 O $1,848 $2,310 O $1,680 $1,680 O $2,268 $1,260 $1,848 If Lucia deposits the money at the beginning of every year and everything else remains the same, she will save by the end of 2 years