Determine whether the following statement is true or false. If the statement is$$ false, make the necessary$$ change$($s$)$ to produce a true statement.

With the same interest$$ rate, compounding$$ period, and time$$ period, a$$ lump$-$sum deposit will generate more interest than an annuity.

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Part $1$

Choose the correct answer below.

A$.$

The statement is true because with the same interest$$ rate, compounding$$ period, and time$$ period, a$$ lump$-$sum deposit will generate more interest than an annuity.

B$.$

The statement is false. The true statement is$$ "With the same interest$$ rate, compounding$$ period, and time$$ period, a$$ lump$-$sum deposit will generate less interest than an$$ annuity."

C$.$

The statement is true because with the same interest$$ rate, compounding$$ period, and time$$ period, a$$ lump$-$sum deposit will generate less interest than an annuity.

D$.$

The statement is false. The true statement is$$ "With the same interest$$ rate, compounding$$ period, and time$$ period, a$$ lump$-$sum deposit will generate more interest than an$$ annuity."