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Mathematics, 28.06.2020 20:01 ketabug50
Gracie owns a deferred annuity. The contract is tied to a market index, which was at 1000 when Gracie purchased the product and reached 1250 five years later at the end of the contract's crediting term. The 25 percent index gain is the basis for the amount of interest credited to the contract. What kind of annuity does Gracie own?
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Gracie owns a deferred annuity. The contract is tied to a market index, which was at 1000 when Graci...
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