Which of the following statements regarding annuities is FALSE?

A. Most car loans, mortgages, and some bonds are annuities

B. PV of an annuity= C X 1/r (1- (1/ (1+r)^N)

C. An annuity is a stream of N equal cash flows paid at regular intervals.

D. The difference between an annuity and a perpetunity is that a perpetuity ends after some fixed number of payments