As with Oracle SQL programs, we can invoke a PL/SQL program either by typing it in sqlplus or by putting the code in a file and invoking the file in the various ways we learned in Getting Started With Oracle.
MYGA â aka âFixed Rate Annuityâ Fixed Rate Annuities function a lot like CDs, and are referred to in the industry as âMulti Year Rate Guaranteedâ annuities (MYGAs). In essence, MYGAs are CDsâ¦.but with tax deferral, and are typically purchased with a single premium amount of money.
That is, they pay a fixed rate of interest for a specific number of months or years. When you purchase a MYGA, you give a specific amount of money to an insurance company and they, in turn, guarantee you that your money will earn a specific rate (of compound interest) for a specific number of years.