business math paper Annuities Businesses, fiscal institution, and other organizations put 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 case-by-case Retirement Account (IRA), or an insurance policy, from insurance companies, monetary institutions, or securities brokers. An ordinary annuity is a series of unbroken stipends where each fee is made at the end of the payment period.
The payment period is the duration of m 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 sustain payment period. The amount of the annuity is the sum of all payments nonnegative their accumulated interest. Their amount is also...If you want to get a replete(p) essay, order it on our website:
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