Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please can you answer both. I'll definitely drop a like for you. thanks 6. You have a policy with a cash value of $1,000,000 which
please can you answer both. I'll definitely drop a like for you. thanks 6. You have a policy with a cash value of $1,000,000 which you wish to annuitize. You desire an annual payment of $75,000 per year. Approximately how many payments can you expect to receive if annuity interest rates are 5.1 percent? (4 points) A) 19 B) 20 C) 23 D) 25 7. Among the four pension plans listed below, which one is the riskiest for an employee? (4 points) A) Defined contribution plan invested in fixed-income securities B) Defined contribution plan invested in equities C) Final pay defined benefit plan D) Defined contribution plan invested in money market securities
please can you answer both. I'll definitely drop a like for you. thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started