Which of the following statements is correct? O a. The last payment of an ordinary annuity is made at the beginning of the last year. O b. The last payment of an annuity due is made at the end of the last year. O C. An ordinary annuity has a greater PV but smaller FV than an annuity due if they both have the same periodic payments, discount rate, and time period. O d. An ordinary annuity has a smaller PV but greater FV than an annuity due if they both have the same periodic payments, discount rate, and time period. O e. An ordinary annuity has smaller PV and FV than an annuity due if they both have the same periodic payments, discount rate, and time period.