Answer:
lifetime annuity with period certain settlement option
Explanation:
Based on the specifications that Tom is looking for, he should consider the lifetime annuity with period certain settlement option. This is an annuity that pays a benefit to the annuitant until death, but with a period certain option, the estate's beneficiary will continue to receive annuity payments until the specified timeframe of the period certain expires. Which would meet the requirements that Tom is looking for.
Answer:
A customer of a broker-dealer purchases 100 shares of XYZ stock at $50 per share on Monday. Later that week, a confirmation arrives electronicallyxplanation:
Answer: (1121300)
Explanation:
The initial outlay for the project will be:
Machinery purchase price = =-1000000-175000 = (1,175,000)
Less: Proceed from old machine =
= =85000+(140000-85000) × 34% = 103,700
Net working capital = 50,000
Initial outlay = (1121300)