Which of the following statements is true? A. The effective annual rate (APR) of a loan is higher the less frequently payments are made. B. The future value of an annuity would be greater if funds are invested at the end of each period rather than at the beginning of each period, OC. The future value of an annuity would be greater if funds are invested at the beginning of each perlod instead of at the end of each period. OD. An annuity is a series of equal payments that are made, or received, forever