$100 payments, once a year for 3 years, with the first $100 payment exactly 4 years from today.

Jason argues that this is a deferred ordinary annuity that begins 3 years from today.

And Mayson argues that this is a deferred annuity due that begins 4 years from today.

Who is correct?

a) Both Jason and Mayson are correct

b) Mayson is correct and Jason is wrong

c) Both Jason and Mayson are wrong.

d) Jason is correct and Mayson is wrong