Choosing a Home Loan - Which Mortgage is Right for You?
Annuity 1241
1. Ordinary annuity and annuity due question?
Loan A has the same original principal, interest rate, and payment amount as Loa
an B. However, Loan A is structured as an annuity due, while Loan B is structure
d as an ordinary annuity. The maturity date of Loan A will be: a. The sam
e as Loan B. b. Indeterminate with respect to loan B. c. Earlier than Lo
an B. d. Later than Loan B.
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