There are two categories of cash flows: single cash flows, referred to as “lump sums” and annuities. Based on your understanding of annuities, answer the following questions
Which of the following statements about annuities are true? Check all that apply.
A perpetuity is a series of equal payments made at fixed intervals that continue infinitely and can be thought of as an infinite annuity
An ordinary annuity of equal time tarns less interest than an annuity due
when equate payments are made at the end of each period for a certain time period, they are treated as an annuity due.
When begun payments are made at the end of each period for a certain time period, they are treated as ordinary annuities,
