You begin saving for your retirement by investing $660 per month in an annuity with a guaranteed interest rate of 2% per year. With continuous investment and compounding, how much will you have accumulated in the annuity by the time you retire in 41 years? (Round to the nearest cent.)
Posts Tagged ‘Calculate’
How do i calculate this problem?
19
Apr
Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 6%. How much would it cost him to buy the annuity today?
How do you calculate the present value of an annuity when the payments do no start until four years from now?
04
Apr
I can only find formulas for annuities that either begin within one year or for annuities due that start immediately. How does the time gap affect the formula?
Calculate the final amount of a 20-year annuity if payments of $2000 are made at the end of every year.?
21
Mar
Calculate the final amount of a 20-year annuity if payments of $2000 are made at the end of every year. Interest is 8.5% compounded quarterly.
In the state of California is there a formula insurance companies use to calculate personal injury settlements
06
Mar
I was rear ended with some injury. I don’t know what to expect regarding a settlement or if I should contact an attorney. I am not a litigious person just want what is right. Any advice would be appreciated. Thanks in advance!
How to calculate structured settlement quotes?
19
Feb
I very interesting in knowing how places like JGW, and Stonestreet, calculate quotes when purchasing an annuity, or structured settlement.
Anyone here on Yahoo Answers, have any idea?
Thanks for any informative answers!
Calculate The Present Value Of This Annuity?
13
Nov
Calculate the present value of this annuity?
Regular payment: $5000 per year
Rate of Compound Interest per year: 7.2%
Compounding period: annually
Time: 5 years
How To Calculate Annuity Present Values?? Answer= 10 Points?
11
Nov
If one wants to borrow $55,000 from the local bank and can only afford to make monthly payments of $1,120 but no more. Assumming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
Any help will be much appreciated.. please show work as it will help me figure out how to calculate these type of problems…Thank You in advance
How To Calculate Pv Of 2 Different Interest Rates?
23
Oct
Calculate the present value (P) of an ordinary annuity of $5,500 per year for 11 years. The interest rate is 3% pa
compounded yearly for the first 4 years, and 7% pa compounded yearly after that.
How To Calculate Rate Of Return Of Annuity?
21
Oct
Paying some investment deposit at reaccural basis an getting return at the end how to spread that return over that investment.
Calculate Value Of Savings/retirement Plan In Excel – Fv()
19
Oct
http://www.TeachExcel.com
This teaches you how to use the FV() Future Value function in excel in order to calculate how much a savings or retirement plan will be worth in so many years. This is a …
How Do I Calculate The Future Value Of Annuity?
18
Oct
$10,000 is received in annuity. ($2,000 per year for 5 years). Interest rate of 8%
How To Do Calculate What I Will Really Yield On An Annuity?
15
Oct
Let’s say I have $100,000 to invest; say the annuity would pay me 5%.
I guess it would be a fixed-rate type in this case. After the commission is taken out, how do I figure the bottom line of what I am making, so I can compare it to another fixed-rate product?
Investment Advice : How To Calculate Annual Compound Interest
02
Oct
Annual compound interest is calculated by adding the extra debt to the total amount. Learn the dangers of paying annual compound interest with this free video from an experienced floor trader on in…