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Which of the following are consequences of a declining interest rate environment (circle all that apply)? The premium to buy a given amount of monthly
Which of the following are consequences of a declining interest rate environment (circle all that apply)?
- The premium to buy a given amount of monthly income for a life annuity will increase, ceteris paribus.
- In order to have a given probability of accumulating a given amount of retirement assets at a given date in the future, an individual will have to either save more or take more risk in the investment portfolio, or both.
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
