Microloan Alpha has the same original principal, interest rate, and payment amount as Microloan Beta. However, Microloan Alpha is structured as an annuity due, while Microloan Beta is structured as an ordinary annuity. The maturity date of Microloan Alpha will be:

(a) earlier than Microloan Beta;

(b) later than Microloan Beta;

(c) the same as Microloan Beta;

(d) indeterminate with respect to Microloan Beta; or

(e) all of the above.