At the beginning of the year, William bought a bond of Zync Corporation at $950 par value. Zync pays interest at the beginning of each year at 5%. The initial investment by William and the receipt of interest at the beginning of every year are examples of a(n) _____ and a(n) _____, respectively answer choices: ordinary annuity, annuity due lump sum payment, ordinary annuity Lump sum payment, annuity due annuity due, lump sum payment .

1. At the beginning of the year, William bought a bond of Zync Corporation at $950 par value.
Zync pays interest at the beginning of each year at 5%. The initial investment by William and the
receipt of interest at the beginning of every year are examples of a(n) _____ and a(n) _____,
respectively
answer choices:
ordinary annuity, annuity due
lump sum payment, ordinary annuity
Lump sum payment, annuity due
annuity due, lump sum payment