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Which of the following statements about annuities are true? Check all that apply An ordinary annuity of equai time earns less interest than an annuity
Which of the following statements about annuities are true? Check all that apply An ordinary annuity of equai 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 a When enual payments are made at the end of each period for a certain time period, they are treated as a l A perpetuityis a series of equal payments made at fixed intervals that continue infinitely. annuity due. Which of the foilowing is an example of an annuity? O A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time O An investment in a certificate of deposit [(CD) katie had a high tmonthly food bill before she decided to cook at home every day in order to reduce her expenses would sthe have in her savings account at the end of dis years? She starts to save $1,820 every year and plans to sinovate her kitchen She deposits the money in her savings account at the end of each year and earns 11% annual interest. If Katie decides to renovate her kitchen, how much O $6,853.42 O $14,228.90 O $10,896.01 O $12,838.83 Ir Katie deposits the money at the beginning of ez yeat af eervthiho el remina the same, how much wll she save by the end of six yearS $17,786 3 $12,818 83
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