Future value of annuities Which of the following statements about annuities are true?
a. An annuity is a series of equal payments made at fixed intervals for a specified number of periods.
b. Ordinary annuities make fixed payments at the beginning of each period for a certain time period.
c. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period.
d. An annuity due earns more interest than an ordinary annuity of equal time.
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