Pension Release: Annuity

by Pension Release by Pension Forecast

Sandra asks…

How much money would i need to put into this annuity monthly?

how much money would i need to monthly put into an annuity that has an APR of 4.5% for 30 years to have enough money to pay of $378,750

Pension Release by Pension Forecast answers:

PMT = PVr/(1-(1+r)^-n) with r & n adjusted for periodicity

PMT = 378750*.00375/(1 – 1.00375^-360) = $1919.07 <--------

Joseph asks…

How much is the annuity worth?

A man saves $100 at the beginning of each year. He earns 5% compounded annually. How much he have at the end of 10 years?

Pension Release by Pension Forecast answers:

0$100.00
1$205.00
2$315.25
3$431.01
4$552.56
5$680.19
6$814.20
7$954.91
8$1,102.66
9$1,257.79
10$1,420.68
11$1,491.71 (End of Year 10)

James asks…

How can I go about getting money from my annuity?

I will receive a check for 12,850$ on August 9th of 2010. I would like to get my money fast as possible. Anyone know how I could get it fast?

Pension Release by Pension Forecast answers:

Not without paying another company half the money

Mandy asks…

For the powerball lottery jackpot annuity do the checks come each year on the first of the year?

Or on the anniversary of your win? I know you can get your first check in about 2 weeks. Im not sure though when the rest come. Is it on the first of the year, another day each year or on the anniversary of your win?

Pension Release by Pension Forecast answers:

Normally the second wek in february

George asks…

How do you find out if an annuity is a protected asset against creditors (NJ)?

Googling found a law, that only seemed to apply to some situations.

Pension Release by Pension Forecast answers:

You need to seriously talk to an attorney because New Jersey has issues that can influence your protection.

Powered by Yahoo! Answers

Previous post:

Next post: