Calculate Annuity

December 14, 2010

how to calculate the annuity? You begin to save for retirement by investing $ 660 per month in an annuity with a guaranteed interest rate 2% per year. With continued investment and capitalization, how much you have accumulated in the annuity when you retire in 41 years? (Rounds to the nearest cent.) Suppose the 2% [...]

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Current Annuity Rate

December 10, 2010

Present value of annuity problem? A year 6, $ 1.000 IBM bond pays interest of $ 80 per year and currently sells for $ 950. What are its coupon rate, current yield and yield to maturity? coupon rate = 80/1000 = 8% current yield = 80/950 = 8.42% YTM – use mortgage calculator, n = [...]

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Annuity Calculator

December 9, 2010

Financial Calculator – Annuity problem? How to resolve the number of periods in an annuity on a financial calculator? (The buttons press) Problem details: Guy wants to retire with 500 thousand dollars for an investment of $ 8,000 per year in the stock market (from the end of this year.) 15% average annual return. How [...]

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Best Annuity Companies

December 9, 2010

final salary or money purchase plan? Suppose I work only for 1 year in my company and I also recall a period of one year. i contribute 4.1% (gross) in the final salary pension and my income is £ 15,000. Is this correct calculation of final salary? 1 / 60 * 15000 * 1 year [...]

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