Which of the following statements is false?

	a.	An annuity due is an annuity where the same payments are made or received in the beginning of each time period.
	b.	The reduction of the loan balance by applying each period's principal payment is known as depreciation.
	c.	An ordinary annuity is an annuity where the same payments are made or received at the end of each time period.
	d.	Mortgages that are granted to borrowers with outstanding credit scores and sufficient capital to make substantial down payments are prime mortgages