Which of the Following Statements Regarding Annuities Is FALSE?
A) $$\text { Di PV of an annuity } = C \times \frac { 1 } { r } \left( 1 - \frac { 1 } { ( 1 + r ) ^ { \mathrm { N } } } \right)$$

Which of the following statements regarding annuities is FALSE?

A) Most car loans, mortgages, and some bonds are annuities.
B) An annuity is a stream of N equal cash flows paid at regular intervals.
C) The difference between an annuity and a perpetuity is that a perpetuity ends after some fixed number of payments.
$$\text { Di PV of an annuity } = C \times \frac { 1 } { r } \left( 1 - \frac { 1 } { ( 1 + r ) ^ { \mathrm { N } } } \right)$$