Explain how an ordinary annuity is involved when you take out an auto loan from a bank. Choose the correct answer below. O A. Taking an auto loan from a bank is like an ordinary annuity, where the future value of the annuity is the amount borrowed from the bank, and you make one payment of principal plus interest at the end of the time of the loan. OB. Taking an auto loan from a bank is like an ordinary annuity, where the future value of the annuity is the amount borrowed from the bank, and you make a sequence of equal periodic payments. The payments are made at the end of each time interval that will pay off the debt at the end of the time of the loan. OC. Taking an auto loan from a bank is like an ordinary annuity, where the present value of the annuity is the amount borrowed from the bank, and you make one payment of principal plus interest at the end of the time of the loan. OD. Taking an auto loan from a bank is like an ordinary annuity, where the present value of the annuity is the amount borrowed from the bank, and you make a sequence of equal periodic payments. The payments are made at the end of each time interval that will pay off the debt at the end of the time of the loan