Which is more valuable?\ A An ordinaryannulty which pays out equal cash payments of

$100

each year for 5 years.\ B Adeferved annuity which paysout equal cash payments of

$100

each year for 5 years starting 2 years firom nowe\ C Both have equivalentnet presentvalues

Which is more valuable? A An ordinaryannulty which pays out equal cash payments of $100 each year for 5 years. B Adeferved annuity which paysout equal cash payments of $100 each year for 5 years starting 2 years firom nowe C Both have equivalentnet presentvalues