Question: You deposit $ 1 0 , 0 0 0 annually into a life insurance fund for the next 1 0 years, after which time you

You deposit $10,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. If the deposits are made at the beginning of the year and earn an interest rate of 8 percent, what will be the amount of retirement funds at the end of year 10?
Explain the common risks facing the financial institutions below.
a. What is interest rate risk?
b. What is refinancing risk?
b. What is reinvestment risk?
You deposit $10,000 annually into a life insurance fund for the

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