Question
Bill, age 33, plans to retire at age 67. Bill is a consultant and his income varies widely on a monthly basis. Bill wants to
Bill, age 33, plans to retire at age 67. Bill is a consultant and his income varies widely on a monthly basis. Bill wants to invest in an annuity over his work life expectancy. Which of the following annuities is most suitable for bill?
A) fixed premium, immediate annuity
B)Single Premium, immediate annuity.
C)Fixed premium, Deffered annuity
D)Flexible premium, Deffered annuity
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
