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

$q,$

$$ A$)$ An annuity formula is used 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