(Answered) Arline is a 70 year old widow with no dependents she wants

Finance

Arline is a 70 year old widow with no dependents. She wants to invest in an annuity that will produce income now. She has $100,000 to invest and wants to receive the most she can in monthly income. Which of the following is the most suitable annuity for Arline based on her objective?

A longevity Annuity.
A 20 year term certain, fixed Annuity
An immediate, single promium life annuity.
A deferred, fixed annuit

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