Which of the Following Statements Is CORRECT

question 122

Multiple Choice

Which of the following statements is CORRECT?

• A) The cash flows for an ordinary (or deferred) annuity all occur at the beginning of the periods.
• B) If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity.
• C) The cash flows for an annuity due must all occur at the beginning of the periods.
• D) The cash flows for an annuity may vary from period to period, but they must occur at regular intervals, such as once a year or once a month.

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