For a flexible premium deferred annuity, the time during which the owner makes premium payments and the time before benefit payments begin is known as the:

An advantage of free-trade agreements for a company like Big Moe, the paper recycler in New Jersey, is that the company can

a. avoid paying United States income tax. b. avoid paying New Jersey income tax. c. import trees from China and India more readily. d. export more easily.

Two projects that have the same cost and the same expected cash flows will have the same net

present value. Indicate whether the statement is true or false