Question
The conversion of the account balance of a deferred
annuity contract to income payments is termed as?Solution
Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant. Annuity payments may only be made to the annuitant or to the annuitant and a surviving spouse in a joint life arrangement. Annuitants can arrange for beneficiaries to receive a portion of the annuity balance upon their death.
If radius of earth is R then the height ‘h’ at which the value of ‘g’ becomes one-fourth is-
The work done by a centripetal force on an object moving in a circular path is:
What is the speed of sound in air at room temperature (approx)? Â
The phenomenon of interference is based on the principle of:
What is the rate of change of momentum called?
Which of the following is NOT a conductor of electricity?
A stone of mass 0.08 kg is thrown vertically upwards. Give the direction and magnitude of the net force on the stone during its downward motion. Ignore ...
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If resistances R,2R,4R,8R… are connected in parallel, the equivalent resistance is:
If the specific heat at constant pressure Câ‚š is greater than Cáµ¥ , the difference Câ‚š -Cáµ¥ is equal to:
