The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money concepts such as interest rate and future value.

Examples of annuities are regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. There are variable annuities and they are classified by payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other interval of time.

Variable annuity benefits include guaranteed minimum income with 5-7% compounded annual interest , withdrawals from 4-8% per year for your entire lifetime, regardless of your account value, guarantee your original investment, give you market upside, and allow you to take your investment as a lump sum after a certain period of time, etc.

A national strategy and a comprehensive state for higher education are essential to public and personal economic prosperity. Bigger public investment in higher education can be provided through an innovative mix of bigger state appropriations, strategies, and grant aid at the federal and state level enhancing students’ chances of postsecondary success – will eventually lead to much more adults with college and university degrees.

This will sequentially lead to higher per person income and generate better tax revenue for the states. This will allow reinvestment in infrastructure and public programs that cooperatively contribute and attract more talent that empowers economic activity. Wise and enhanced public investment in higher education certainly will lead to a cycle of economic prosperity.

A lot of important issues of economic and social equity concern the ways that regions, cities, and neighborhoods are built, and operating costs, rehabilitation, and the financing of construction.

Equitable public investment very much requires finding ways to create healthy regions and communities by reforming local fiscal policies and state fiscal policies and also guiding public investments.

There is huge potential for determining public investments in order to generate lots of community benefits including quality and transportation access, employment, affordable housing, small business opportunities and socially fair allocations of environmental resources and costs. Probably most of these areas of policy have usually been very poorly defined, and mainly have not been inclusive of the perspectives of low income population and minority communities.

Local, regional, and state public policies influence regional development patterns in a great way. In many central cities and states aging suburbs confront extremely high service costs, unmet employment and educational needs, ancient sewer and water systems, and worsening housing stock. Inadequate investments and fiscal capacity, together with unbalanced tax policies, worsen these problems. Wise strategic public investments, along with appropriate reforms in land use regulation, can significantly reduce disparities in economic and social conditions and in services.