Select one advantage of an annuity for a lender. a.) Annuities are repaid more quickly than other
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Question:
Select one advantage of an annuity for a lender.
- a.)
- Annuities are repaid more quickly than other types of loans.
- b.)
- The lender can recall the loan at any time.
- c.)
- The sum of all the payments will equal the original loan amount.
- d.)
- There is less risk that the borrower will be unable to repay the loan.
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