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17 June, 09:49

Which of the following statements about annuities are true? Check all that apply. An annuity 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. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period.

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  1. 17 June, 10:06
    0
    An Annuity Due is an annuity that makes a payment at the beginning of each period for a certain time period.

    An Annuity is a series of equal payments made at fixed interval for a specific number of periods.

    Explanation:

    An annuity is a financial product taht pays a fxed rate to whoever buys it at a certain rate, they are often used as a steady income for people that is retired.

    The annuity is basically a bond or an investment that you buy and invest your money in, depending on how much money you pay they will pay you a fixed rate over a certain period of time depending on how much time would you like to leave your money there and how much money would you like to have invested.
  2. 17 June, 10:17
    0
    Explanation:A and b
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