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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
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 end of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. A perpetuity is a constant, infinite stream of equal cash flows. Ordinary annuities make fixed payments at the end of each period for a certain time period. Which of the following is an example of an annuity? O A job contract that pays a regular monthly salary for three years O A job contract that pays an hourly wage based on the work done on a particular day Katie 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 $1,690 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 6% annual interest. If Katie decides to renovate her kitchen, how much would she have in her savings account at the end of six years? O $11,788.29 $12,495.59 O $10,020.05 O $8,310.28 If Katie deposits the money at the beginning of every year and everything else remains the same, how much will she save by the end of six years? $8,808.90 $8,808.90 $15,619.49 $11,788.29
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