Which of the following statements about annuities are true? Check all that apply

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  1. Which of the following statements about annuities are true? Check all that apply.
    a. An ordinary annuity of equal time earns less interest than an annuity due.
    b. When equal payments are made at the beginning of each period for a certain time period, they are treated as an annuity due.
    c. Annuities are structured to provide fixed payments for a fixed period of time.
    d. When equal payments are made at the beginning of each period for a certain time period, they are treated as ordinary annuities.

  2. Which of the following is an example of an annuity?
    a. A job contract that pays an hourly wage based on the work done on a particular day.
    b. A job contract that pays a regular monthly salary for three years.