Which of the following is correct?
A) the cash flows of an ordinary annuity all occur at the beginning of the periods
b) if a series of unequal cash flows occurs at regular intervals, such as once a year, the the series is by definition an annuity
c) the cash flows for an annuity due must all occur at the ends of the period
d) the cash flows for an annuity must all be equal, and they must occur at regular intervals, such as once a year or once a month