Explain whether the following statement is true or false
Explain whether the following statement is true or false: $100 a year for 10 years is an annuity; but $100 in Year 1, $200 in Year 2, and $400 in Years 3 through 10 does not constitute an annuity. However, the second series contains an annuity.
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explain whether the following statement is true or false 100 a year for 10 years is an annuity but 100 in year 1 200 in
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