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Question 10 (0.5 points) You will receive the largest monthly payment under an annuity contract when the annuity disbursement
Question 15 (0.5 points) Your Social Security contribution depends on your current income and retirement income goal ( ( 1) T
Question 20 (0.5 points) Henry has a defined benefit plan that promises an annual retirement benefit based on 2% of his final
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Answer #1

10) a Life Annuity with no refunds

In this annuity if you live above the predefined life insurance company will pay a large sum of refund as an income for the life.

15) False as Social Security Contribution depends on Income and Current Tax Rate

20) 4 39900

Annual Average Salary of Last 5 Years = 95000

2% of 95000 = 1900

Total Service Period = 21

Total Retirement Benefit = 21*1900 = 39,900

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