12 years.
7,398,000
100 percent markup will double the price. 200 percent markup would triple the price. (For markup read increase.)
One can find information on annuity calculators by going to the place that provides them. Examples of places that provide annuity calculators would be Bankrate, Aviva and LifeAnnuities.
Your annuity will decrease in value as your interest earned would decrease, which would just continue to snowball because that would make your principal value less even further down the road, causing your annuity to devalue even more.
If the interest rate was eight percent, it would take about 9 years to double your principle.
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
7,398,000
$500.00
Stock mutual funds have traditionaly provided the best investments over the long term. Past performance is no gurantee of future returns. There are several good investment oppurtunities available for a lump sum of cash. i would suggest an investment in real estate.
I would recommend a 401k or a short term investment fund. This is a great investment that is short term and you can gain double on your investment.
100 percent markup will double the price. 200 percent markup would triple the price. (For markup read increase.)
There is what's called the "rule of 72" which states, you divide the percent into 72 and that tells you how log it takes to double your money. For example, 4.6 goes into 72 15.65 times. So, it would take 15.65 years to double your money. That's not too good of an investment. 72 ÷ 4.6 = 15.65
Annuities are bought from brokerage and investment firms, usually through an insurance agent, broker, or licensed financial adviser. If you would like to avoid using an agent or broker, you can buy your annuity directly from a mutual fund company like Frankin Templeton, PIMCO, or T. Rowe.
This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
If I wanted to double my money here is what I would do. I would look for a property that was for sale at a bargan price. You don't want to pay too much and take a loss. Then rent out the property. If you could rent it for 10 percent of the cost, then in ten years you would have doubled your investment. You would not have double the money until you sold the land. Then you would might have another gain or loss. Lets hope after 10 years it would be a gain. If the rent after taxes gave you over 10 percent then it would take you even less than 10 years to double your money. There are many other ways. I just said how I would do it.