When is a payment on an ordinary annuity paid?

A. The payment on an ordinary annuity is paid at the end of each payment period.

B. The payment on an ordinary annuity is paid at the beginning of each payment period.

C. The payment on an ordinary annuity is paid every other year.

D. The payment on an ordinary annuity is paid as a balloon payment.

E. None of these answers is correct.