ANNUITY TABLE
A method to determine the present value of a structured number of payments. An annuity table gives a factor, based on a discount rate and on time, by which the annuity payments can be multiplied to come up with its present value. For example, an annuity table may can be employed to arrive with the current value of an annuity that paid $10,000/year within 15 years if the interest rate is anticipated to be at 3%. computer software and financial calculators can also be used for this purpose.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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Introduction to Ethical Investing
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Buying a Home: Determining the Amount You Can Afford
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