Immediate Annuity Experts Guide

29

May

Find the future value of an ordinary annuity of $400 paid quarterly for 6 years, if the interest rate is 13% c?

Jhon S asked:

Find the future value of an ordinary annuity of $400 paid quarterly for 6 years, if the interest rate is 13% compounded quarterly.

thank you.

Hector

posted by admin in Mathematics and have Comment (1)

Tags: 6 Years, Future Value Of An Ordinary Annuity, Interest Rate

20

Apr

If a variable annuity has a term of four yrs and the market is bad can the annuity become worthless?

RG asked:

We were sold an annuity with the promise of 6% interest and supposedly that was guaranteed forever? Were we conned? Could our annuity become worthless in 5 or 6 or 7 years? The current value of the annuity is down.

Charlene

posted by admin in Investing and have Comments (2)

Tags: Current Value, Promise, Variable Annuity

19

Mar

How do i find the future value of this annuity?

kiki_kaka_koko_keke asked:

wat is the future calue of an annuity after 20 years if the interest rate is 3% p.a and there is a monthly premium of $1150 is paid.

please help.

Tony

posted by admin in Mathematics and have Comment (1)

Tags: Annuity, Future Value, Interest Rate

16

Feb

For a lottery winner which payment choice is better : the lump sum option or the multi year annuity?

Gary L asked:

Just wondering in case I ever win. If the winner accepts the multi year annuity and dies before the annuity is paid in full, will the remaining money be paid to the winner’s heirs?

Cheryl

posted by admin in Personal Finance and have Comments (4)

Tags: Lottery Payment, Lump Sum, Money

23

Sep

I am wanting to invest in an annuity to provide supplemental income, how does this work?

Confused about life asked:

I am wanting to invest in an annuity with a portion of my savings (at least $5000) in order to generate some supplemental income while I am earning my engineering degree. What would be a good annuity to invest in providing immediate returns, with those returns being as large as possible? How would this system work?

Irene

posted by admin in Investing and have Comments (3)

Tags: Annuity, Invest, Supplemental Income

11

Sep

Is there a penalty for withdrawing the money from my annuity?

Ben J asked:

I have annuities with AIG Annuity and I was wondering about the penalty fee for withdrawing the money from my annuity. I can’t find it in my paperwork and I since AIG is getting so many calls I can’t contact them. I was wondering if anyone here happened to know.
It’s a deferred annuity, I started it about 3 years ago.

Jesus

posted by admin in Personal Finance and have Comment (1)

Tags: Aig, Deferred Annuity, Money

01

Sep

What is the difference between an annuity that is “5 year Certan” and one that is Life and 5 years certain?

AlaskaMusher asked:

This is a government funded retirement annuity.

Heather

posted by admin in Personal Finance and have Comments (2)

Tags: Certan, Retirement Annuity

14

Aug

How much will Jones have to pay for the annuity at age 65?

Mathis Hard asked:

Sam Jones plans to retire at age 65. He wants to supplement his retirement by buying an annuity that will provide $2,400 each year for 10 years. If money is worth 8% compounded annually, how much will Jones have to pay for the annuity at age 65?

Janice

posted by admin in Mathematics and have Comment (1)

Tags: 10 Years, Annuity, Retirement

27

May

How do you get the future value of an ordinary annuity of 1?

desperateboy asked:

Please help me. It says the future value of an ordinary annuity of 1 at 12% for four years is 4.7793. How do you compute for 4.7793?

Patrick

posted by admin in Mathematics and have Comments (2)

25

May

I will be recieving part of an annuity soon, from grandmother. Is there any way to avoid paying taxes on it?

coolbreezeh2o asked:

There are 6 recipients to split this annuity.

Joshua

posted by admin in United States and have Comment (1)

Tags: Grandmother, Paying Taxes, Split Annuity