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How is present value annuity factor calculated?
The present value annuity formula is used to simplify the calculation of the current value of an annuity. A table is used where you find the actual dollar amount of the annuity and then this amount is multiplied by a value to get the future value of that same annuity.
The factor for the future value of an annuity due is found by multiplying the ordinary annuity table value by one minus the interest rate?
The statement regarding the factor for the future value of an annuity due is incorrect. The correct method for calculating the future value of an annuity due involves taking the future value factor from the ordinary annuity table and multiplying it by (1 + interest rate). This adjustment accounts for the fact that payments in an annuity due are made at the beginning of each period, leading to additional interest accumulation compared to an ordinary annuity.
What are the four pieces to an annuity present value?
The four pieces to an annuity present value are: Present value(PV), Cashflow (C), Discount rate (r) and the life of the annuity (t)
Where could one find information on annuity calculators?
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.
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
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 job did Eric Daniels do at Travelers Life and Annuity?
In 1998 Daniels was named president and chief executive officer of Connecticut-based Travelers Life and Annuity, a unit of Citibank formed by the merger of Citicorp and Travelers Group
What is the primary difference between an annuity and a compound annuity?
difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
What is monthly annuity?
The option to get annuity every month is called monthly annuity.
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
What The differences between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
Can you lose money with an annuity?
Yes, it is possible to lose money with an annuity if the investments within the annuity perform poorly or if there are high fees associated with the annuity.
How can you withdraw money from annuity?
Your annuity policy document should have all the withdrawal provision detailed for you. If not contact the company you have the annuity with and they can give you instructions. Before you withdraw from an annuity be aware of the tax treatment of your annuity withdrawals.
Annuity loans are what type of loan exactly?
Annuity loans are when an annuity holder borrows money against the value of an annuity contract. It allows one to access funds without having to cash out their annuity immediately.
What is a non qualifying annuity?
Perhaps you meant a "non-qualified" annuity? If so, a nq annuity is an annuity purchased with after-tax dollars; conversely, a qualified annuity is one purchased with pre-tax dollars, such as in an IRA or a TSA.
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
