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Which of the following statements about annuities are true? Check all that apply. A perpetuity is a series of equal payments made at fixed intervals
Which of the following statements about annuities are true? Check all that apply. A perpetuity is a series of equal payments made at fixed intervals that continue infinitely and can be thought of as an infinite annuity. When equal payments are made at the end of each period for a certain time period, they are treated as an annuity due. An ordinary annuity of equal time earns less interest than an annuity due. When equal payments are made at the end of each period for a certain time period, they are treated as ordinary annuities. Which of the following is an example of an annuity? A job contract that pays an hourly wage based on the work done on a particular day A job contract that pays a regular monthly salary for three years Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. The starts to save $1, 200 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 4% annual interest. Katie's savings are an example of an annuity. If Katie to renovate her kitchen, how much would she have in her savings account at the end of six years? $6, 765.63 $6, 290.56 $8, 277.95 $7, 959.57 f Katie deposits the money at the beginning of every year and everything else remains the same, how much will he save by the end of six years
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