What is unique about an annuity loan repayment structure?

A. "The borrower can draw down credit, repay and re-draw"
B. Interest is paid only on money actually withdrawn
C. Each installment is the same amount
D. The money is paid back in regular installments

Answer: C. Each installment is the same amount

Business

You might also like to view...

When Ursula purchased her home, the title insurance policy she received did NOT include which of following ?

A) A legal description of the insured real estate B) A record of all of the previous owners of the property C) A list of defects not covered D) The kind of estate or interest being insured

Business

Conflict between unions and management is most nearly an example of conflict due to differences in goals and objectives

Indicate whether the statement is true or false

Business