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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Business

Michelle Carr

Today, 20:45

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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Answers (2)

Know the Answer?

Willow Jacobson · Answer 1

Explanation:A and b

Damian Barajas · Answer 2

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.