(Answered) Claire is retiring in the next month she was the

Finance

Claire is retiring in the next month. She was the breadwinner in the family while john was the stay at home dad. They have limited assets but will receive social security. Which of the following is the best type of annuity for her to select?

a 20 year term certain annuity.
A straight life annuity on her life.
A joint life annuity on the lives of Claire and john.
a joint life annuity on the lives of Claire and john with a 10 year term certain. The best options is an annuity over both of their lives since they do not have a lot of assets. John also does not appear to have a skill to go find work. A 10 year term certain option on the joint life annuity will make the payments go down.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M93087608
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Explain why a common stock should be evaluated in a

Explain why a common stock should be evaluated in a portfolio context as opposed to being evaluated in isolation.

Suppose that todays stock price is 5309 if the required

Suppose that today's stock price is $53.09. If the required rate on equity is 15.6% and the growth rate is 9.3%, compute the expected dividend (i.e. compute D1)

1 financing provided in sequences of rounds rather than all

1. Financing provided in sequences of rounds rather than all at one time is known as? a. crowdfunding b. venture debt financing c. staged financing d. the capitalization rate 2. Calculate the after-tax WACC based on the ...

Rich has an annual salary of 75000 which is expected to

Rich has an annual salary of $75,000 which is expected to increase by 3.5% per year. What would be his annual salary in real terms at the end of 7th year if inflation is expected to be 1.75%?

Questions -q1 openseas inc is evaluating the purchase of a

Questions - Q1. OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship could cost $499 million, but would operate for 2020 years. OpenSeas expects annual cash flows from operating the ship to be $ 68.7 ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. Studies show losses are 30%of the size of the new issue, so how large a ...

Question - the hawaiian corporation expects this years net

Question - The Hawaiian Corporation expects this year's net income to be $12 million. The firm's target debt/assets ratio is 30 percent. This year, Hawaiian has $20 million profitable investment opportunities. According ...

Question - in an article on edmunds website called

Question - In an article on Edmunds website called "Strategies for Smart Car Buying," Philip Reed highlights the need to focus on resale value. After 3 years, some cars are worth 55% of their original value, some only 20 ...

How does the lack of liquidity affect your execution

How does the lack of liquidity affect your execution strategy? Does this affect your use of limit orders and market orders? (Please attach any known literature if possible so i can refer to it. If not, its fine!)

What is marketing discipline what is most peoples

What is marketing discipline? What is most people's perception of marketing discipline? Name an organization that has done a great job marketing. What did they do to make you feel this way?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert