Which statement correctly describes when to use an annuity formula versus when to use a compound interest formula?

A$)$ An annuity formula is a $*d$ when you are making multiple, regular deposits into an account while compound

interest is used when you make one lump sum deposit.

B$)$ Compound interest used when you are making multiple, regular deposits into an account while an annuity

formula is used when you make one lump sum deposit.

C$)$ Both formulas can be used interchangeably.

D$)$ Annuities are used with simple interest while compound interest formulas require multiple compounding

periods.

E$)$ None of the above