The answer to everything is to find your inner and outer happiness. As long as you are happy, thats all that matters.
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Answer:
Attached is the drafted table.
Hope it helps.
Answer: $27.90
Explanation:
Discount the dividends and the price you will sell the stock at in 4 years at 12%.
The dividends are a constant and so can be treated as annuities.
= (5 * Present value factor of annuity, 4 years, 12%) + 20/(1 + 12%)⁴
= (5 * 3.0373) + 12.71036
= $27.90
Answer: II Contributions to the separate account are not tax deductible
III Earnings in the separate account build tax-deferred
Explanation:
Variable Annuities represent an investment vehicle where one puts money in a certain type of investment with the goal being that they will earn an income in retirement which is dependent on how their chosen investment performed therefore making the payout variable.
Contributions to the separate account are not tax deductible. The tax advantage of Variable annuity contracts instead is that the income earned from the annuity gets to build tax-deferred with taxes only applying to them when a withdrawal is made.
