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Which of the following is false? A. None of the options are false. B. The future value of a deferred annuity is the same as

Which of the following is false?

A. None of the options are false. B. The future value of a deferred annuity is the same as the future value of an annuity not deferred. C. To compute the present value of a deferred annuity, we compute the present value of an ordinary annuity of 1 for the entire period and subtract the present value of the rents which were not received during the deferral period. D. A deferred annuity is an annuity in which the rents begin after a specified number of periods. E. If the first rent is received at the end of the sixth period, it means the ordinary annuity is deferred for six periods.

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