Angelina Jolie purchased an annuity today that will pay $1,000 a month for five years. She received her first monthly payment today. Brad Pitt purchased an annuity today that will pay $1,000 a month for five years. Mr. Pitt will receive his first payment one month from today. Which one of the following statements is correct concerning these two annuities?

Both annuities are of equal value today

Mr. Pitt’s annuity has a higher present value than Ms. Jolie’s.

Ms. Jolie’s annuity has a higher present value than Mr. Pitt’s

Mr. Pitt’s annuity is an annuity due.

Mr. Pitt’s annuity has a higher future value than Ms. Jolie’s.