Which of the following statements is CORRECT? Statement 1. Time lines can be constructed in situations where some of the cash flows occur annually but others occur quarterly. Statement 2. Time lines cannot be constructed in situations where some of the cash flows occur annually but others occur quarterly. Statement 3. Time lines can be constructed for annuities where the payments occur at either the beginning or the end of the periods

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A:

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A: Hi student Since there are multiple subparts, we will answer only first three subparts.

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