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  2. Retirement annuities: Pros and cons of annuity investing - AOL

    www.aol.com/finance/retirement-annuities-pros...

    Annuities are often sold by insurance agents and registered representatives as a way to provide a steady stream of income for their client’s retirement needs. But annuities have several pros and ...

  3. Commission (remuneration) - Wikipedia

    en.wikipedia.org/wiki/Commission_(remuneration)

    The new law, effective on January 1, 2013, further states that commission excludes "short-term productivity bonuses such as those paid to retail clerks" and "bonus and profit-sharing plans, unless there has been an offer by the employer to pay a fixed percentage of sales or profits as compensation for work to be performed".

  4. What is compound interest? How compounding works to turn time ...

    www.aol.com/finance/what-is-compound-interest...

    It would take you 60 months (or five years) of $266.67 monthly payments to pay off the balance, and you’d end up paying $5,823.55 in interest over that time — about 37% of your total payments.

  5. Cash balance plan - Wikipedia

    en.wikipedia.org/wiki/Cash_balance_plan

    In his second year, with a 3.5% salary increase his monthly salary would be $2070 on his 26th birthday. The 5% pay credit for this second year would be $1242. Because his second year "hypothetical account" starts the year with a $1200 balance, the interest credit at 6% would be $72.

  6. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    "Nearly one in four loan modifications in the fourth quarter actually resulted in increased monthly payments". This can occur when late fees or past-due interest are added to the monthly payment. The redefault rate was about 50 percent where the monthly payment was unchanged or increased, and 26 percent where the payment was decreased. [25]

  7. Cash method of accounting - Wikipedia

    en.wikipedia.org/wiki/Cash_method_of_accounting

    There are certain advantages in tax planning when the cash method of accounting is used: for instance, payment of business expenses may be accelerated before year end, in order to maximize tax deductions, whereas billings for services may be postponed to after year end, so that payments won't be received until the new year, thus postponing tax ...

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  9. Swap (finance) - Wikipedia

    en.wikipedia.org/wiki/Swap_(finance)

    A range accrual swap (or range accrual note) is an agreement to pay a fixed or floating rate while receiving cash flows from a fixed or floating rate which are accrued only on those days where the second rate falls within a preagreed range. The received payments are maximized when the second rate stays entirely within the range for the duration ...

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