For each of the following annuities, find the best matching description (given that each answer should only be used once). Every week from March 28 to August 15 a farmer receives a payment of $1,000.00 if there was no rain that week. Sam receives a housing allowance of $1,250.00 at the beginning of every month to help pay rent. Devi pays $1,179.50 at the end of every month for child support. Ife settles a lawsuit and will receive 39 quarterly payments of $171.97. Choose... Choose... Contingent annuity Annuity immediate Annuity certain Annuity due Choose...
For each of the following annuities, find the best matching description (given that each answer should only be used once). Every week from March 28 to August 15 a farmer receives a payment of $1,000.00 if there was no rain that week. Sam receives a housing allowance of $1,250.00 at the beginning of every month to help pay rent. Devi pays $1,179.50 at the end of every month for child support. Ife settles a lawsuit and will receive 39 quarterly payments of $171.97. Choose... Choose... Contingent annuity Annuity immediate Annuity certain Annuity due Choose...
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 40P
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8. math of interest. please solve correctly. Not graded question
Transcribed Image Text:For each of the following annuities, find the best matching description (given that each answer should only be
used once).
Every week from March 28 to August 15 a farmer receives a payment of $1,000.00 if
there was no rain that week.
Sam receives a housing allowance of $1,250.00 at the beginning of every month to
help pay rent.
Devi $1,179.50 at the end of every month for child support.
pays
Ife settles a lawsuit and will receive 39 quarterly payments of $171.97.
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
Choose...
Choose...
Contingent annuity
Annuity immediate
Annuity certain
Annuity due
Choose...
◆
Transcribed Image Text:For each of the following annuities, find the best matching description (given that each answer should only be
used once).
Every week from March 28 to August 15 a farmer receives a payment of $1,000.00 if
there was no rain that week.
Sam receives a housing allowance of $1,250.00 at the beginning of every month to
help pay rent.
Devi
pays $1,179.50 at the end of every month for child support.
Ife settles a lawsuit and will receive 39 quarterly payments of $171.97.
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
Choose...
Choose...
Choose...
Choose...
◆
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