Which of the following statements are true? Check all that apply.

Question

a. With the same APR and principal, a 15-year loan will have a lower monthly payment than a 30-year loan.
b. Annuities assume that you put money in the account on a regular schedule (every month, year, quarter, etc.) and let it sit there earning interest.
c. Payout Annuities assume that you take money from the account on a regular schedule (every month, year, quarter, etc.) and let the rest sit there earning interest.
d. With the same term and principal, a loan at 5% APR will have a lower monthly payment than a loan at 6% APR.