When Planning the Retirement Payout,there Are Several Options from Which

question 110

Multiple Choice

When planning the retirement payout,there are several options from which to choose.With the ________ option the annuity provides payments over the life of both you and your spouse.

• A)single life annuity
• B)lump sum annuity
• C)joint and survivor annuity
• D)annuity for life
• E)combination annuity

---

Definitions:

Internal Rate

This term might be incomplete or unclear; however, it is possibly referring to the internal rate of return (IRR), which is a metric used in financial analysis to estimate the profitability of potential investments.

Discount Rate

The rate of return that is used to find the present value of a future cash flow.

Cash Outflows

The total amount of money being spent by a business, commonly on expenses like rent, materials, payroll, and other operational costs.

Cash Inflows

Cash inflows refer to the money received by a business from its operating, investing, and financing activities.