Annuity Quotes

by Pension Forecast

George asks…

What’s the future value of a 4-year $1000 annuity, if the quoted interest rate is 5%,?

What’s the future value of a 4-year $1000 annuity, if the quoted interest rate is 5%,
compounded monthly?

Pension Forecast answers:

If the annuity is paid out (received) at the end of each year, the FV is $5,324.81. If it’s received at the beginning of each of the 4 years, FV is $6,246.30

Thomas asks…

Which party started taxing Social Security payments when FDR promised otherwise?

So much for Democrat promises.

Link Quote:
” Q: Which Political Party started taxing Social Security annuities?
A: The Democratic Party, with Al Gore casting the “tie-breaking” deciding vote as President of the Senate, while he was Vice President of the US”

http://www.free-press.biz/usa/ssi-trust-fund.htm

SS is bankrupt—> http://www.newsweek.com/id/199167 Thanks liberals.
.

Pension Forecast answers:

You stole my answer.

Chris asks…

Time Value of Money Questions?

1) The difference between the future values of a 14- and 13-quarter ordinary annuity is exactly 1.5 times the quarterly cash flow. What must be the effective annual interest rate?

2) It took 7 years for a saving account to triple its balance. If the quoted rate is based on semi-annual compounding, what is the quoted rate?

Pension Forecast answers:

2. 11%

Mandy asks…

Time Value Questions?

1) The difference between the future values of a 14- and 13-quarter ordinary annuity is exactly 1.5 times the quarterly cash flow. What must be the effective annual interest rate?

2) It took 7 years for a saving account to triple its balance. If the quoted rate is based on semi-annual compounding, what is the quoted rate

Please show steps!

Pension Forecast answers:

Kevin, you need to study harder.

Steven asks…

Which political party gave Social Security entitlements to illegals?

Link QUOTE:
” Q: Which Political Party decided to start giving annuity payments to immigrants?
A: That’s right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!”

http://www.free-press.biz/usa/ssi-trust-fund.htm

SS bankrupt date—> http://www.usnews.com/money/blogs/the-best-life/2009/05/12/social-security-medicare-busts-move-closer

Thanks liberals.
.

Pension Forecast answers:

You are wrong both in that they get SS and that they don’t pay into it

http://www.snopes.com/politics/immigration/socialsecurity.asp

Powered by Yahoo! Answers

Previous post:

Next post: