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Anna71 [15]
3 years ago
14

What happens if a deferred annuity is surrendered before the annuitization period?

Business
1 answer:
Lana71 [14]3 years ago
5 0

Answer:

Annuity is a form of investment made at equal intervals. deposits to a saving account on a monthly basis is an example of annuity. <em>The surrender period is the time an investor have to wait before to withdraw from an annuity without any penalty </em>

If a person defers annuity before the annuitization period then the owner receives the premium payments that he has paid into the annuity and the interest. The surrender charge is deducted from the amount returned.

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On January 1, 2011, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30
horsena [70]

Answer:

Explanation:

Bonds are corporate debt units that are issued by firms inform of financial securities and  are traded as tradeable assets. It is basically referred to as a fixed income instrument since bonds conventionally are paid a certain fixed amount of interest rate (coupon) to its respective debtholders.

going by the question Upon issuance, Ozark should

Credit premium on bonds payable $100,000

Because face value of bonds =  $10 million but issue price is  $10 million * 101 % i.e $ 10100000

So, premium = 10100000 - 10000000 = $ 100000

5 0
3 years ago
Read 2 more answers
Bob’s employer covers 23% of his family’s annual health insurance premium. The balance of the premium is deducted in equal a
Aliun [14]

Based on the amount covered and the amount withdrawn, we can calculate that Boba's annual health insurance premium is<u> $6,256.88</u>

First find the total amount withheld from Boba in a year:

= 185.30 x 26

= $4,817.80

Boba's employer covers 23% of his insurance so the amount withdrawn is 77% of the insurance.

The annual insurance is therefore:

<em>= Boba's share / Percentage paid by Boba</em>

= 4,817.80 / 77%

= $6,256.88

In conclusion, the annual premium is $6,256.88

<em>Find out more about </em><em>insurance premiums </em><em>at brainly.com/question/3757928. </em>

8 0
2 years ago
Why might large corporations be more likely to support development of sustaining technology rather than emerging technology?
elixir [45]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The large corporations be more likely to support development of sustaining technology rather than emerging technology is because the <span> technology is already aligned with main revenue streams.
</span>
The answer is C. 
4 0
3 years ago
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To see whether a widely used food preservative contributes to the hyperactivity of preschool children, a dietitian chose a rando
alexdok [17]

Answer : If a child's hyperactivity rating is predicted to be 18, he <u>consumed 103.125 grams</u> of food containing preservatives.

The regression (least-squares) equation given in the question is:

y = 1.5 + 0.16x

In the equation above, y is the predicted variable. Here the predicted variable is the subjective hyperactivity rating (on a scale of 1 to 20).

The independent variable, x, is the quantity of food containing preservatives (in grams) consumed by hyperactive children.

The question tells us that the subjective hyperactivity rating of a child is 18.

Substituting the value of y in the equation above, we have,

18 = 1.5 +0.16x

\frac{16.5}{0.16} =x

x = 103.25

4 0
3 years ago
List three examples of fossil fuels are
lorasvet [3.4K]

Answer:

i Will help

Explanation:

dinosaur ones

Turtle ones and

fish fossils

your welcome my buddy

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2 years ago
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