Barbara-Anne A Single-Premium Deferred Annuity (SPDA) is an annuity contract in which the policyholder pays a single premium, and the insurer agrees to make periodic payments to the policyholder at a future date. The payments may be made either in a lump sum or in installments, and the policyholder may elect to receive them either for … Read more
Visual Basic for Applications (VBA) is a programming language used to create custom applications in a wide range of Microsoft products, including Excel, Access, Word, and Outlook. VBA is similar to other programming languages, such as C++ and Java, but it is easier to learn and use. With VBA, you can create custom programs to … Read more
The Interest Coverage Ratio: How It Works with an Example How is times interest earned ratio calculated in financial statements? The times interest earned ratio (TIE) is a financial ratio that measures a company’s ability to make interest payments on its outstanding debt. The TIE ratio is calculated by dividing a company’s earnings before interest … Read more
