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. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annulty due earns more interest than an ordinary annuity of equal time. 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 retirement fund set up to pay a series of regular payments A fund that invests in technology companies and distributes quarterly dividends for two out of four quarters per year but not always the same quarters Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $710 in her locat bank, which pays her 12% annual interest. Luana decides that she will continue to do this for the next six years. Luana's savings are an example of an annuity. How much will she save by the end of six years? Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $710 in her local bank, which pays her 12% annual interest. Luana decides that she will continue to do this for the next six years, Luana's savings are an example of an annuity. How much will she save by the end of six years? $5,761.78$4,897.51$2,919.10$6,453.20 If Luana deposits the money at the beginning of every year and everything else remains the same, she will save years. (Note: Do not round intermediate calculation.)