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What is annuity? Annuity is a sub-topic of Finance. It is a series of equal payments at regular intervals. In this generation of Computer and Internet, you can get whatever we want. Every information or news is on your fingertip. Make use of Internet connection and get Annuity Assignment Help Service from myhomeworkhelp.com. We assure you we will provide high-quality contents and you will be 100% satisfied. As our clients get totally satisfied we enjoy a high rate of repeat customers. Just use our service to get an idea about organization and how it works.
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Concept:
Annuity is a fixed sum of money which is paid by someone to an organization each year. Pension payments, monthly insurance payments, mortgage payments, regular payments to a saving accounts etc. are considered annuities. If you make investment in the annuity it will provide payments in future. This is how annuity works. The amount of your payments is determined by various factors such as the length of your payment period and the size of money you paid. You can receive payments for weeks, months, years or for the rest of your life.
Types of Annuities:
Annuities are classified under two categories. They are and immediate annuity and deferred annuity.
Immediate Annuity:
If you choose immediate annuity you will start to receive payments soon after you make investment.
Deferred Annuity:
You will receive payments only after a specific period of time if you opt for deferred annuity.
Within these two categories, annuities can be either fixed or variable. It depends on the type of investment. Fixed annuities are CD-like investments that are issued by investment companies. Variable annuities allow the accumulation of capital on a tax-deferred basis. If you use our annuity homework help service you will get more idea about this topic.
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