An Ordinary Annuity Is Characterised By

An ordinary annuity is characterised by:

A) a series of cash flows that are identical in amount and occur at the end of consecutive time periods.
B) a series of cash flows that are identical in amount and occur at the start of consecutive time periods .
C) a single cash flow that occurs at the end of a particular time period and is accumulated over multiple time periods.
D) none of the above.