business math paper Annuities Businesses, fiscal institution, and other organizations position in annuities to raise money to pay such expenses as bond debts, notes due, or stock divid dismisss. They also invest in annuities to provide for future needs, such as new facilities and equipment or employee retirement benefits. mortals may purchase annuities, such as an Individual Retirement Account (IRA), or an insurance policy, from insurance companies, financial institutions, or securities brokers. An ordinary annuity is a series of ceaseless stipends where each payment is made at the end of the payment period.
The payment period is the duration of time between payments. Payments be usu completelyy made annually, semiannually, quarterly, or monthly. The term of the annuity is the length of time from the beginning of the first payment period to the end of the last payment period. The amount of the annuity is the sum of all payments plus their accumulated interest. Their amount is also...If you want to get a full essay, order it on our website: Ordercustompaper.com
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