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What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
How does one purchase annuity?
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
What type of annuity pays you a flat interest rate?
A tax deferred fixed annuity pays a flat interest rate.
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
What is the formula for solving for the interest rate (r) of an annuity?
The formula for solving for the interest rate (r) of an annuity is: r left( fracAP right)frac1n - 1 Where: r interest rate A future value of the annuity P periodic payment n number of periods
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
Will you earn a higher interest rate with a variable annuity than with a fixed annuity?
Yes, you do earn a higher interest rate with a variable annuity than with a fixed annuity. It depends on what kind of interest rate you have at the moment.
How does one purchase annuity?
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
What type of annuity pays you a flat interest rate?
A tax deferred fixed annuity pays a flat interest rate.
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
What is the formula for solving for the interest rate (r) of an annuity?
The formula for solving for the interest rate (r) of an annuity is: r left( fracAP right)frac1n - 1 Where: r interest rate A future value of the annuity P periodic payment n number of periods
How do you use the word annuity in a sentence?
This how u put in sentences: Do I have to purchase an annuity at age 75?
How can one purchase an annuity?
You need to decide what type of annuity you want to purchase a fixed annuity are for the conservative investor the rate of return is lower. With a variable annuity gives choices of where to invest and amount of payment. A finical advisory will be very helpful to the decision process.
Do you pay taxes on income earned in an annuity?
If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.
What is difference between annuity and compound interest?
Pundai
What is the relationship between the value of an annuity and the level of interest rates?
The answer depends on the type of annuity. If the annuity is a fixed period annuity or an annuity which pays a fixed amount during the lifetime of one or more persons, the value of the annuity will decrease if interest rates rise and will increase if interest rates fall. For example, san an annuity is paying $100 per month for 3 years and the interest rate is 5%. The value of the annuity is $100 x ( (1+5%)^(-1/12) + (1+5%)^(-2/12) + ... + (1+5%)^(-36/12) ) = $3,342.13. If the interest rate rises to 6%, the value of the annuity falls to $100 x ( (1+6%)^(-1/12) + (1+6%)^(-2/12) + ... + (1+6%)^(-36/12) ) = $3,294.90.
What is the interest rate of the annuity formula and how is it calculated?
The interest rate in the annuity formula represents the rate at which your money grows over time. It is calculated by dividing the annual payment by the present value of the annuity, and then adjusting for the number of compounding periods per year.
