An annuity is defined as a series of payments of a fixed amount foe a specific number of periods. This, $100 a year for 10 years is an annuity, but $100 in year1, $2oo in year 2, and $400 in year 3 through 10 does not constituye an annuity. However, the second series contains an annuity. Is this statement true or false?
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