When a scholarship offers a set amount per month, paid on the first of the month, and extends for a certain period of time (e.g., $325 a month for 36 months), which of the following is the best way to describe the payments for this type of scholarship?

A) The payments for this type of scholarship are an example of ordinary annuity.
B) The payments for this type of scholarship are an example of annuity due.
C) The payments for this type of scholarship are an example of ordinary perpetuity.
D) The payments for this type of scholarship are an example of perpetuity due.