Assignment:
Under what circumstances is an investment that is taxed each period at capital gains rates preferred to an SPDA contract (taxed at ordinary rates on investment income but only at the point of liquidation)? When is Savings Vehicle IV (income deferred and taxed at capital gains rates at the point of liquidation) preferred to an SPDA?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.