Question: Question 8 (0.8 points) You are comparing two annuities. Annuity A pays $100 at the beginning of each month for 10 years. Annuity B pays

Question 8 (0.8 points) 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 given this information? 1) The future value of Annuity A is greater than the future value of Annuity B. 2) The present value of Annuity A is equal to the present value of Annuity B. ( 3) Annuity B has both a higher present value and a higher future value than Annuity A. 4) Annuity B will pay one more payment than Annuity A will. 5) Annuity A has a higher future value and a higher present value than Annuity

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