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https://personal.vanguard.com/us/funds/byobjective/detail?category=LifeCycle http://www.johnhancock.com/products/annuities.html Describe three deferences between pertuities and annuities. Give examples of both types of products the risks involved in each and their composition. Why would an investor perfer one product over the other? Keeping the time value of money in mind with respect to the initial cash out-lay What does a preference of one product over the other say about the time value of money? How does the time value of money impact the eventful returns of both products? 500- 700 words References and cities