Business, 22.07.2020 18:01 thompsonhomes1
An investor has $100,000 that they invest in an equity based annuity with an 80% participating rate and a 15% cap. The following occurs Year 1: +10% Year 2: ‐4% Year 3: +20% What is the value of the customer’s account? a. $108,000 b. $ 100,000 c. $124,200 d.
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An investor has $100,000 that they invest in an equity based annuity with an 80% participating rate...
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