An investor has $100,000 that they invest in an equity based annuity with an 80% participating rate and a 15% cap. The following occurs Year 1: +10% Year 2: ‐4% Year 3: +20% What is the value of the customer’s account? a. $108,000 b. $ 100,000 c. $124,200 d.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.