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Unformatted text preview: n.d.) "Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years." (Ivestopedia, n.d.) Option number one is a better choice for the client as it leads to a higher sum of money after the end of the five years. However, if the client is unable to put down a high dollar investment up front, option number two would then be the only other option advisable. References PHASE 4 INDIVIDUAL PROJECT 2 3 Compound interest. (n.d.). Investopedia . Retrieved December 19, 2010, from Answers.com Web site: http://www.answers.com/topic/compound-interest-2 Annuity. (n.d.). The American Heritage® Dictionary of the English Language, Fourth Edition . Retrieved December 19, 2010, from Answers.com Web site: http://www.answers.com/topic/annuity Annuity. (n.d.). Investopedia . Retrieved December 19, 2010, from Answers.com Web site: http://www.answers.com/topic/annuity...
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This note was uploaded on 04/28/2011 for the course MAT 143 taught by Professor Boodoosingh during the Fall '10 term at Colorado Technical University.
- Fall '10