Which one of the following statements is correct? O The present value of an annuity is equal to the cash flow amount divided by the discount rate. An annuity due has payments that occur at the O The future value of an annuity decreases as the O If unspecified, you should assume an annuity is an beginning of each time period. interest rate increases annuity due. An annuity is an unending stream of equal payments occurring at equal intervals of time