Impacts on nominal interest rates

Reference no: EM1329459

- Explain how inflation or purchasing power impacts stated or nominal interest rates.

- Create a personal scenario that exemplifies the time value of money that includes the opportunity cost involved.

- Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people. Provide specific examples to support your response.

- Suggest a real-life example of how an annuity can be used for retirement planning

Reference no: EM1329459

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