1. You need to know how annuities work because many financial planners advise their clients to have them for retirement planning. Do you think that you need them? If so, then how old should you be when you buy one?
Search the internet to find an article or real-world application involving annuities that you find interesting and informative. Present this article to the class and explain why you choose the example.
Everybody knows that inflation consists of a large increase in the
available quantity of money and money substitutes such as bank credits.
In a country like the United States, which transacts so much of its
business by checks and through bank credits, the main vehicle of
inflation is not so much the printing of additional paper money as the
increase of deposit currency. Everybody also knows that a general rise of prices and wages is the
unavoidable and inescapable result of inflation. And finally, most
people realize that when inflation is going on price control is a quite
ineffective method of controlling prices and wages; at best, it is a
temporary expedient to break or postpone the force of inflationary