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Administrative agencies routinely promulgate rules and regulations affecting business. Under the _____ Act, these regulations generally must undergo a period of seeking input from those likely to be affected by the regulation.
Assumed Investment Rate
A projected or hypothetical rate of return on an investment over a specified period.
Annuity Cost
The total amount of money it takes to fund an annuity, which provides a series of payments at fixed intervals.
Roth Retirement Plan
A type of retirement savings account allowing taxed contributions to grow tax-free, with withdrawals in retirement also being tax-free.
Regular Retirement Plan
A retirement savings plan that allows individuals to save and invest for retirement, typically with tax advantages or benefits.
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