Choose the Word or Phrase in [ ] Which Will

question 44

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-Long-term care [does | does not] have a deductible.

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Definitions:

Down Payment

An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home or car, which reduces the amount needed to be borrowed.

Lump Sum

A large single payment of money instead of a series of smaller payments or installments.

Annual Payments

Regular payments made once a year, often associated with loans, annuities, or other financial agreements.

Interest Rate

It's the rate, in the form of a percentage of the principal, charged by lenders to borrowers for asset usage.