8:00 AM Central Time is 7:00 AM Mountain Time. Mountain Time is one hour behind Central Time.
In 2009, Ted purchased an annuity for $60,000. The annuity is to pay him $1,500 per month for the rest of his life. His life expectancy is 120 months. A). Ted is not required to recognize any income until he has collected 40 payments (40 $1,500 = $60,000).
Annuity XG. You can lock in a guaranteed rate of interest for an initial guarantee period of. your choice. 1 year 3 years 5 years 7 years. When your guarantee period ends, the interest rate resets with a 1-year guarantee. on each contract anniversary. 1-year renewal rates will be set periodically.