Which of the following statements is correct? The cash flows for an annuity must all be equal, and they must occur at regular intervals, such as every quarter or every year. The cash flows for an annuity due all occur at the ends of the periods. The cash flows for an ordinary annuity all occur at the beginning of the periods. A series of unequal cash flows that occur at regular intervals, such as every quarter, is an annuity.

Tara and her parents want to save at least $40,000 for college in 8 years. which statement describes the most effective savings plan for tara and her parents to meet their goal? tara and her parents should make deposits of $300 every month into a college savings account. tara and her parents should make deposits of $450 every month into a college savings account. tara and her parents should make deposits of $3,000 every year into a college savings account. tara and her parents should make deposits of $4,000 every year into a college savings account