business math paper Annuities Businesses, fiscal institution, and other organizations commit 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 individualistic Retirement Account (IRA), or an insurance policy, from insurance companies, pecuniary institutions, or securities brokers. An ordinary annuity is a series of unvarying stipends where each allowance is made at the end of the payment period.
The payment period is the duration of era 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 fit payment period. The amount of the annuity is the sum of all payments addition their accumulated interest. Their amount is also...If you want to get a ample essay, order it on our website:
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