question archive Which of the following statements about annuities are true? a) An annuity due earns more interest than an ordinary annuity of equal time
Which of the following statements about annuities are true? a) An annuity due earns more interest than an ordinary annuity of equal time
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Which of the following statements about annuities are true?
a) An annuity due earns more interest than an ordinary annuity of equal time.
b) An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period.
c) An annuity is a series of equal payments made at fixed intervals for a specified number of periods.
d) Ordinary annuities make fixed payments at the beginning of each period for a certain time period.
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a) This statement is true
b) True.
c) True
d) False. Ordinary annuities make equal payments for a certain period at the end of each period and not the beginning.
