and the annuity earns 8 % compounded quarterly. Find the periodic payments.
a. $422.40
b. $1,716.80
c. $2, 000 .00
d. $ 2, 160.00
Posts Tagged ‘four’
The future value of an annuity is A=$32,000. Periodic payments are made quarterly got four years?
18
May
I am 53 years old and live in Ohio and made the mistake of putting my savings into an annuity only four months?
12
Apr
I am 53 years old and live in Ohio and made the mistake of putting my savings into an annuity only four months ago. the entire amount is money Ive already earned and paid taxes on it. The amount is $100,000. Now, my health, home, etc are in jeopardy. can I get my money out? I understand there is a surrender fee. what are the steps to liquidating this.
what I really need to know is if I cashed in the annuity and took the huge surrender fee, would the money I get be taxable again as income and would I have to pay a 10% penality to irs for early withdrawal? the money I put into the annuity has already been claimed as income and I paid the taxes and penalities on it last year?
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?
If a variable annuity has a term of four yrs and the market is bad can the annuity become worthless?
05
Mar
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.