Create a personal scenario that exemplifies the time value of money that includes the opportunity cost involved.
Create a business scenario that exemplifies the time value of money that includes a level of risk.
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 in someone's financial portfolio to balance their investments.