Annuities are insurance policies. These contracts may do one of two things. They may provide you with a guaranteed income for life or for a set number of years. Otherwise, they may function as a long-term savings. A 408(b) annuity is an annuity that is housed inside of an Individual R...
What is the present value of $100 to be received in 10 years time when the interest rate is 12% and (a) annual discounting is used? (b) semi-annual discounting is used? How many years will it take an investment to double if the annual interest rate is 12% ...
ANNUITY 1.An annuity stream of cash flow payments is a set of: a.level cash flows occurring each time period for a fixed length of time. b.level cash flows occurring each time period forever. c.increasing cash flows occurring each time period for a fixed length of time. d.increasing cas...