You are comparing two annuities. Annuity A pays $100 at the beginning of each month for 10 years. Annuity B pays $100 at the end of each month for 10 years. The rate of return on both annuities is 8 percent. Which one of the following statements is correct?A. The future value of Annuity A is greater than the future value of Annuity B.
B. Annuity B will pay one more payment than Annuity A will.
C. Annuity A has a higher future value but a lower present value than Annuity B.
D. Annuity B has both a higher present value and a higher future value than Annuity A.
E. The present value of Annuity A is equal to the present value of Annuity B.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness

Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →