Ask Question
BusinessBusiness
7 October, 22:26

A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that

+2
Answers (1)
  1. 7 October, 22:35
    0
    The type of Annuity is : Immediate annuity, where distribution starts within 1 year of purchase. A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that, the type of annuity is Immediate Annuity. Immediate annuities are long-term, tax-deferred contracts one purchase from an insurance company, it provide immediate regular payments in exchange for a lump-sum investment. These payments are guaranteed to last for life or a specified period of time.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The Security Market Line (SML) shows the relationship between stocks' required rates of return (measured on the vertical axis) and their betas (measured on the horizontal axis).
Answers (1)
In an experiment, researchers exposed half the children to 2 hours of violence on television every day for a month and made sure the other half saw no violence on television at all.
Answers (1)
Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000 memberships and received cash. Refer to Pemco Enterprises. How much revenue should Pemco recognize on January 1? A.
Answers (1)
Which is an example of restricted free speech? A. promoting an idea that is unpopular with most people B. telling everyone you lost your job when you are still employed revealing C. a confidential e-mail that was sent to you by mistake D.
Answers (2)
Conflicts between stockholders and debtholders arise because stockholders are less willing than debtholders to take on risky projects because stockholders are more "at risk" of losing their investment. true or false?
Answers (1)
New Questions in Business
High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.
Answers (1)
How were the earliest benefits of the industrial revolution distributed between Factory owners and workers?
Answers (1)
Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000. Sam, a builder, contributed a new storage garage.
Answers (1)
Select all that apply. A primary incentive for entrepreneurs is 1: Profit 2: A skill and happy workforce 3: Notoriety 4: Seeing an idea come into being 5: Paying taxes
Answers (1)
Joyce finds that the members of the project team to which she has been promoted are all middle-aged men. joyce wonders if she, a young new graduate from a local university, will be taken seriously. joyce is likely to be reacting to a
Answers (1)
Home » Business » A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that
Sign Up Forgot Password?