# If you have an annuity of 10K that pays about 5 percent each year should you use that to pay as much of your tuition bill as you can?

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Assuming that the annuity in question is a "deferred" annuity (that is, that it is not already providing regular annuity payments), the answer depends upon whether you're over 59 1/2 or not. If you're not, any distributions from that annuity will be taxable as Ordinary Income AND subject to a 10% penalty tax - 10% of the amount of the distribution (IRC Sect. 72(q)). Not a very attractive result. If you're over 59 1/2 and still attending school, BRAVO! But the distribution from your annuity will still be taxable (but without that 10% penalty tax).
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# What is the future value of a 5-year annuity due that promises to pay you 300 each year The interest rate is 7 percent?

Edward M. Melomey . (F/A,i,n); F=?, A=300, i=7%, n=5 F={A[(1+i) n -1]}/ i F={300[(1+0.07) 5 -1]}/0.07 F= 1725.2 where F- future value A-Annuity i-interest

# How much does each year cost for tuition?

Answer . That depends on what school you are attending.

# Should the government pay for college tuition?

Yes. A better educated populace benefits the economy and improves a country's global standing. The cost would be deflected, so that young people wouldn't graduate college dr

# How safe and secure is an AIG annuity that pays 4 percent fixed per year?

It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the fixed annuity

# How much do Victorian paramedics get paied each year?

surprisingly they don't get paid very much

# How much does Arod have to pay in taxes each year?

he pays 40% to the state of new york, and another 10% to his agent. the 22 million dollars he makes quickly turns into 11.

# What is furture value of 5 year ordinary annuity that promises to pay 300 each year at 7 interest rate?

\n300*[(1+0,07)(1+0,07)(1+0,07)(1+0,07)(1+0,07)-1]/0,07

# How much does the US pay for the UN each year?

They pay 22% of 4.19 billion dollars. You do the math. In 2010 the United States paid over 7.6 billion dollars to the UN. Payments to UN peace keeping / defense missions a

# Mrs Ang used 10 5 and 2 notes to pay for her son's tuition fee and if the tuition fee was 180 and mrs Ang gave 25 notes to the tutor how many of each type of notes did the tutor receive?

\n14 X \$10 notes\n6 X \$5 notes\n5 X \$2 notes

just under \$40

# The phone bill is 86.20 and they pay it in ratio 23 How much does each of them pay?

Each person should pay \$3.75 Because 3.75*23= 86.20

# Who decides how much to pay an NBA player each year?

The owner and general manager of the team the player plays for.

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# What should a 73 year old do when they can no longer pay bills?

When an old person can no longer pay bills, it depends on what kind of bills the elderly person can no longer pay. Some elderly people have learned the hard way that they coul

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