You have the option of two equally risk annuity, each paying $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, the annuity due would you choose to maximize your wealth.
What is an Ordinary Annuity?
An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.
Learn more about Ordinary Annuity here:
brainly.com/question/14963095
#SPJ4
Answer:
76 months
Explanation:
If Lisa only pays the $20 minimum monthly payment, it will take her 76 months to repay her debt (6 years and 4 months). She will also end up paying almost $540 in interest.
If you have a credit card it is never a good idea to pay only the minimum monthly payment since you will end up paying a lot of interest and usually other fees and charges apply.
The percentage decline in the US GDP from 1933 to 2009 is 26.4%.
<h3>What is the percentage change in
US GDP?</h3>
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Percentage change in GDP = (778/1057)- 1 = 26.4%
To learn more about GDP, please check: brainly.com/question/15225458
<span>The Indiana state statute on abortion conflicts with the federal statute on abortion, the federal statute will overrule the state statue because any any state or local laws that either directly or substantially conflict with any federal laws will always be preempted by the federal law.</span>
Answer:
Best answer a. She and her nephew enjoy an afternoon at the zoo.
Explanation: