Question: a. deferred annuity is an annuity with definite beginning date but no ending date. insurance premiums. True or False b. Future values is the current

a. deferred annuity is an annuity with definite beginning date but no ending date. insurance premiums.

True or False

b. Future values is the current value of a future sum of money or stream of cash flows flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.

True or False

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