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Changing Annuity Amounts

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Created by Dorothea, last modified on Sep 18, 2023

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Using the “Change annuity amount” business event, the periodic repayment amount of an annuity loan can be adjusted.

This results in a new payment plan with a corresponding adjustment of the term of the deal:

When increasing the annuity amount, the term of the deal is reduced.
When decreasing the annuity amount, the term of the deal is extended.

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