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Which of the following statements is CORRECT? A . The cash flows for an annuity may occur at irregular intervals, as long as the amount

Which of the following statements is CORRECT?
A. The cash flows for an annuity may occur at irregular intervals, as long as the amount is always the same.
B. If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity.
C. The cash flows for an ordinary annuity may occur at the beginning of the periods, as long as the amount is always the same.
D. The cash flows for an ordinary annuity all occur at the end of the period.
E. The cash flows for an annuity due must all occur at the end of the period.

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