You are comparing two annuities which offer monthly payments for ten years. Both annuities are identical with the exception of the payment dates. Annuity A pays on the first of each month while annuity B pays on the last day of each month. Which one of the following statements is correct concerning these two annuities? A. Both annuities are of equal value today. B. Annuity B is an annuity due. C. Annuity A has a higher future value than annuity B. D. Annuity B has a higher present value than annuity A.