Variable Annuity Comparison

The Government Annuity Tables, Embracing the Values of Annuities On Single and Two Joint Lives

Editor — Thu, 11 Mar 2010 18:07:08 +0000

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The Government Annuity Tables, Embracing the Values of Annuities On Single and Two Joint Lives

What is the relationship between the present value and future value of an annuity?

Editor — Thu, 11 Mar 2010 17:06:36 +0000

How do I get a new bridge on top and a new pair off glasses at the same time and save $4,000 for my daughter.?

Editor — Thu, 11 Mar 2010 17:06:34 +0000

I get a $5,000.00 anuity semi-annually and my daughters think they should have it, and leave me broke. The teeth and glasses cost about $2,250.00. Heck I should get some of the dollars I worked for, don`t you think.
Richard

my husband and i just come into about $350,000.00. some finanial advisors are recomending annuities were unsur

Editor — Thu, 11 Mar 2010 17:06:33 +0000

this money will be used for retirment which is about 15 years away,some things i like about an annuity is that it is tax deffered,but i dont know much about investing all i know is that i dont want to risk losing it. An annuity also has a higher brokage fee (about 1.5%)which is high I need help there are way to many options.

how can I Find the furture value of the annuity due?

Editor — Thu, 11 Mar 2010 17:06:31 +0000

Payments of 2,500 made at the beginning of each semiannual period for 15 years at 10%

Answers
163,597.12
153,306.78
87,374.32
174,401.97

maths problem plz help?

Editor — Thu, 11 Mar 2010 17:06:29 +0000

Question # 1 Marks 1

By law, 1/11th of Basic Salary per month is contributed only by the company to the …………..Fund to the account of the employee.

a)Utilities allowance
b)Conveyance allowance
c)Gratuity
d)None of these

Question # 2 Marks 2

A chartered bank is lowering the interest rate on its loans from 8.5% to 7.25%. What will be the percent decrease in the interest rate on a given balance?

a)12.5%
b)13.75%
c)14.71%
d)15.25%

Question # 3 Marks 2

A Company signed a three year collective agreement that provided for wage increases of 5%, 3%, and 2% in successive years. An employee is currently earning 6500 rupees per month. What will be the salary per month at the end of the term of the contract?

a)Rs 7150.25
b)Rs 7170.35
c)Rs 7180.45
d)Rs 7190.55

Question # 4 Marks 2

A retailer buys goods at 10% discount on its market price & sells them at 20% higher than the marked price. What is his profit percent?
a)20%
b)25%
c)30%
d)33.33%

Question # 5 Marks 2

A person returns Rs.1331 after 3 years from the date of borrowing. If the rate of interest is 10% per Annam and interest compounded annually, find the amount borrowed

a)Rs.900
b)Rs.1000
c)Rs.1100
d)Rs.1200

Question # 6 Marks 1

400 is what percent of 40?

a)100
b)1000
c)400
d)40

Question # 7 Marks 2
You borrow Rs. 10,000 for 60 days at 5% simple interest per year (assume a 365 day year). What will be total interest after 60 days?
a)70.5
b)82.2
c)93.1
d)110.7
Question # 8 Marks 2

How much a company would have earning per share if the company has Rs. 250 million in earnings and have 20 million shares?

a)Rs. 12.5
b)Rs. 125
c)Rs. 1250
d)Rs. 12500

Question # 9 Marks 2

If you plan to accumulate Rs. 30, 0000 after 10 years from now, what will you need to invest this year if you earn 8% interest compounded semi annually?

a) 30, 0000(1 + 0.08)10
b) 30, 0000(1 + 0.08)20
c) 30, 0000 [1/(1+0.04)20]
d) 30, 0000 [(1 + 0.08)20 -1]/0.08

Question # 10 Marks 2

You want to buy an ordinary annuity that will pay you Rs. 4,000 a year for the next 20 years. You expect annual interest rates will be 8 percent over that time period. The maximum price you would be willing to pay for the annuity is closest to

a)Rs. 32,000.
b)Rs. 39,272
c)Rs. 40,000
d)Rs. 80,000

Question # 11 Marks 1

To increase a given present value, the discount rate should be adjusted

a)Upward
b)Downward
c)True
d)Fred

Question # 12 Marks 2

Compound interest on Rs 10000 for 2 years at the rate of 8% per annum when the interest is compounded half yearly is

a)1098.25
b)1154.59
c)1257.8
d)1698.58

Question # 13 Marks 2

Suppose you make a saving of Rs. 50,000 at the end of each month, assume an interest of 7% compounded monthly, how much will you have accumulated at the end of 4 years?

a) 50000[(1 + 0.07)48 -1]/ (0.07)
b) 50000[(1 – (1 + 0.07)-4]/ 0.07
c) 50000[(1 + 0.07/12)48 -1]/ (0.07/12)
d) 50000(1+0.07)4

Question # 14 Marks 2
If you want to withdraw Rs 45,000 at the end of each quarter for the next 6 years then what amount must you invest today at 6% compounded quarterly?

a)45,000 [(1 - (1/ (1 + .06/4)24)) / (.06/4)]
b)45,000(1 + .06/4)24)
c)45,000 [(1 + ((1 + .06/4)24)) / (.06/4)]
d)45,000 [(1 - (1/ (1 + .06)6)) / (.06)]

Annuity payment questions?

Editor — Thu, 11 Mar 2010 17:06:25 +0000

Find the monthly payment (pymt) that will yield ordinary annuity $100,000 at interest 9.25% for 30 years. (Round the answer to the nearest cent.)

Find the monthly payment (pymt) that will yield ordinary annuity $260,000 at interest 10.5% for 43 years. (Round the answer to the nearest cent.)

I’m having troubles. Thanks.

Accounting question, monthly payments on car?

Editor — Thu, 11 Mar 2010 17:06:24 +0000

Upon graduation from college, Susana Lopez signed an agreement to buy a used car. Her annual payments, which are due at the end of each year for two years, are $1,480. The car dealer used a 12% rate compounded annually to determine the amount of the payments.

What should Susana consider the value of the car to be? (Round to two decimal places). Provided here are some time value of money factors.
The present value of an annuity factor for n=8, i=3% is 7.020
The present value of an annuity factor for n=2, i=12% is 1.690

If she had wanted to make quarterly payments, what would her payments have been based on the value of the car as determined in (1)?

I was paid $15,500, total income, last year from a retirement annuity. I am disabled what is my tax liability?

Editor — Thu, 11 Mar 2010 14:08:28 +0000

I am single, 53 year old, retired because of a disability at the VA. I have back surgury. I currently pay $60.00 a month in withholdings.

I was told I will get all this back when I file my taxes for 2009.
I live in Tennessee and there is no state income tax. I looking to understand my liability to the fed tax?

Suze Orman listed 4 “stay away froms” (8/9 & 11/1/08). Two were bond mutual fund & variable annuity. Last two?

Editor — Thu, 11 Mar 2010 12:07:46 +0000

The first airing I believe was 8/9/08, and the re-run just aired 11/1/08. I haven’t been able to find the 3rd and 4th items anywhere online. Do her show transcripts exist anywhere, or does anyone have the info? Thanks in advance.

I am thinking of rolling my 401k into a variable annuity through Met Life. Is this a good idea?

Editor — Thu, 11 Mar 2010 12:07:45 +0000

How do you calculate the future value of an ordinary annuity compounded semiannually?

Editor — Thu, 11 Mar 2010 11:06:25 +0000

How much do annuities costs?

Editor — Thu, 11 Mar 2010 11:06:23 +0000

What’s the lowest amount of money you can buy for annuities?Just what do they do? Are they helpful with saving for retirement? What is thier purpose and use for people?

Lawyer says I am beneficiary of annuity. Won’t tell which Ins. Co. Wants a 20% cut. Any ideas?

Editor — Thu, 11 Mar 2010 10:06:13 +0000

My friend had no living relatives. Atty calls & offers to file claim on my behalf. Sounds suspicious, should a beneficiary have to pay to receive the proceeds?

Want a good answer, it relates to the Business Mathematics and Statistics?

Editor — Thu, 11 Mar 2010 08:08:12 +0000

Suppose you have to establish a new company. Suggest in which item or items company should deal. How much sale of the item is required in order to reach at break even point depending on the suggested price of item, production capacity, fixed and variable cost associated with the item? Businesses have to plan for the future. Since equipment breaks down or wears out, business owners have to have the money to replace the equipment. In addition, money might be set aside for retirement benefits for their employees. Suggest if the company need to set aside the lump sum of money that will collect interest or company should purchase annuities. Support your suggestion with argument.

Are annuties are as good as my insurance agent says they are.?

Editor — Thu, 11 Mar 2010 08:08:10 +0000

My insurance agent tells me that an annuty is a safe way to invest. Is this true and are there any safer ways? I would like to invest 30,000 for my grand children when I pass away. I do not want them to have to wait on the money for everything to go through probate. I ahve been told that probate can take years. Does any one have any personal experince with the annuties paying out? Any help at all would be great/

Senior citizen withdrawl from annuity gets 1099-R?

Editor — Thu, 11 Mar 2010 06:41:00 +0000

My mother put after-tax dollars in an annuity in 1999. She’s a widow and on SS. She transfered some of the annuity to her savings account. She received a 1099-R indicating that about 90% of the transfer amount is taxable?
Seems that she should only owe taxes on any capital gains portion?

8% compounded annually, how much will Jones have to pay for the annuity at age 65?

Editor — Thu, 11 Mar 2010 05:09:05 +0000

Sam Jones plans to retire at age 65. He wants to supplement his retirement by buying an annuity that will provide $2,400 each year for 10 years. If money is worth 8% compounded annually, how much will Jones have to pay for the annuity at age 65?

Where should we invest or save our personal income?

Editor — Thu, 11 Mar 2010 05:09:04 +0000

My husband and I are frugal, and we love to save as much as we can. I max out my 401k yearly, but my husband’s employer doesnt offer any retirement benefits so we max out our IRA’s. We started to save $10K a year and put it in an emergency fund. However, we still have $3K a month to save. Where should we invest it? Our net worth is less than $500K, and we make gross $150K/year combined and no kids yet. A financial advisor suggested putting the extra $3K a month in a variable annuity or stocks, but didnt suggest CD/Treasury Bonds, etc. What’s the best financial wealth strategy for a couple in their mid 30’s?

Should a Variable Annuity be included in a Living Trust? Why?

Editor — Thu, 11 Mar 2010 02:08:27 +0000

I have been advised that it is better to transfer title of my variable annuity into my living trust. I have also been told to just make the living trust the beneficiary of my variable annuity. I live in California. Can you point me in the right direction.

Can an executer of an estate give an interpertation of a will different than the will?

Editor — Thu, 11 Mar 2010 02:08:24 +0000

My mom passed away and left a will and different annuities bank accounts and bonds. She left monies to 6 people in different percentages according to the will. However, when she also listed us as benefactors on the accounts and annuities at different percentages as the will. What does the executer go by? The will split or the bank benefactor split which is different. Can the executer decide arbitrarily or is there a law guideline to govern this?- Thanks.

The statistical unit used to determine the payout amount of a variable annuity is the what? (15)?

Editor — Thu, 11 Mar 2010 02:08:22 +0000

a. Consumer Price Index.

b. Standard and Poor’s 500 Index.

c. annuity unit.

d. accumulation unit.

1 John and Mary C were a middle-aged couple in the midst of planning for their retirement. John was 55 and had

Editor — Thu, 11 Mar 2010 02:08:21 +0000

1 John and Mary C were a middle-aged couple in the midst of planning for their retirement. John was 55 and had decided to put the maximum ammount $2000 into an IRA account for the next ten years. He was planning to retire at 65. The couple felt they they should make arrangements for the following twenty years and not concerned about planning beyond the age of 85. They wanted the funds that accumulated in the IRA to purchase a 20 year annuity. They had one child, whom they wished to leave or give $50,000 when they reached 85.
Based on the investment opportunities available, Larson felt that a 13% interest rate should be used in evaluating their situation. The couple was concerned about how much of an annuity to purchase at retirement that would still leave enough in their investment to grow to $50,000 in twenty years.

2. Ansel and Harriet W were a young highly educated professional couple both employed by one of the leading resort hotels in the area. They were planning on saving for a new house which they expected to purchase in seven years. In addition to that financial retirement, they felt that Harriet would quit working at that time to care for their expected family, and that the loss of her income would make them unable to keep up payments on the house without an annuity to supplement his income.
The couple felt that they needed $1500 a year in supplemental income beginning at the end of the eighth year to assist with the house payments, and that they needed this for each year of the next thirty years. They also wanted to have $50,000 With which to make the down payment in 7 years when they planned to buy the house. As both were working, they had plenty of funds for savings and were wondering how much they should put away at the end of each of the next seven years to be able to make the down payment and buy the annuity. Larson felt that an 11% interest rate applied to their situatution.

Please translate this financial advice for my elderly mother for me (is it a scam)?

Editor — Wed, 10 Mar 2010 23:07:57 +0000

My 80-year old mother’s financial advisor just sent me this email. A few years ago he recommended an annuity, so I’m not sure I can trust his advice. What do you think he intends to do, and is it reasonable?

I would suggest that we move 100K of the almost 400K that will be earning 4.1% in her savings account. My recommendation would then be to allocate 40K into each of the two programs that I would recommend. One is yielding 6.2% and the other 6.3%. We would leave the remaining 20K in money market (currently earning 4.5% but will fluctuate and is subject to change as rates change). My objectives for these investment recommendations are preservation of principal, steady income, and capital appreciation on the back end of the program. Our total return target over the life of the program is an annualized total return of 9% -10%. There is no commission, load or ongoing fee paid by the client to go into these programs so the yield is a net yield.
Thanks for everything so far! Here’s more:
There are several investment programs with which I work that are direct investment programs that are non-correlated to the stock market or to the bond market, are non-traded and therefore do not change in value (share price is stable at $10.00) and are earning yields of 6.2% and 6.3%. We can re-invest the dividends or have the dividends swept into a money market.

who has used jg wentworth?

Editor — Wed, 10 Mar 2010 22:01:43 +0000

Math Annuity Question!!!?

Editor — Wed, 10 Mar 2010 20:06:09 +0000

construct an annuity table showing the deposits and balances for the given plan
1. $1000 is invested in an ordinary incresing annuity at the end of each year for 5 years. the annuity pays 8% compounded annualy

Why or why not are annuities suitable investments for retired people?

Editor — Wed, 10 Mar 2010 20:06:07 +0000

Has anyone ever lost any money with a fixed annuity?

Editor — Wed, 10 Mar 2010 20:06:05 +0000

If I buy an annuity for 1 million, how much goes to the agent?

Editor — Wed, 10 Mar 2010 18:09:48 +0000

Can annuities be change into an IRA?

Editor — Wed, 10 Mar 2010 16:07:31 +0000

Variable Annuity Comparison

The Government Annuity Tables, Embracing the Values of Annuities On Single and Two Joint Lives

Related Posts

What is the relationship between the present value and future value of an annuity?

Related Posts

How do I get a new bridge on top and a new pair off glasses at the same time and save $4,000 for my daughter.?

Related Posts

my husband and i just come into about $350,000.00. some finanial advisors are recomending annuities were unsur

Related Posts

how can I Find the furture value of the annuity due?

Related Posts

maths problem plz help?

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Annuity payment questions?

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Accounting question, monthly payments on car?

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I was paid $15,500, total income, last year from a retirement annuity. I am disabled what is my tax liability?

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Suze Orman listed 4 “stay away froms” (8/9 & 11/1/08). Two were bond mutual fund & variable annuity. Last two?

Related Posts

I am thinking of rolling my 401k into a variable annuity through Met Life. Is this a good idea?

Related Posts

How do you calculate the future value of an ordinary annuity compounded semiannually?

Related Posts

How much do annuities costs?

Related Posts

Lawyer says I am beneficiary of annuity. Won’t tell which Ins. Co. Wants a 20% cut. Any ideas?

Related Posts

Want a good answer, it relates to the Business Mathematics and Statistics?

Related Posts

Are annuties are as good as my insurance agent says they are.?

Related Posts

Senior citizen withdrawl from annuity gets 1099-R?

Related Posts

8% compounded annually, how much will Jones have to pay for the annuity at age 65?

Related Posts

Where should we invest or save our personal income?

Related Posts

Should a Variable Annuity be included in a Living Trust? Why?

Related Posts

Can an executer of an estate give an interpertation of a will different than the will?

Related Posts

The statistical unit used to determine the payout amount of a variable annuity is the what? (15)?

Related Posts

1 John and Mary C were a middle-aged couple in the midst of planning for their retirement. John was 55 and had

Related Posts

Please translate this financial advice for my elderly mother for me (is it a scam)?

Related Posts

who has used jg wentworth?

Related Posts

Math Annuity Question!!!?

Related Posts

Why or why not are annuities suitable investments for retired people?

Related Posts

Has anyone ever lost any money with a fixed annuity?

Related Posts

If I buy an annuity for 1 million, how much goes to the agent?

Related Posts

Can annuities be change into an IRA?

Related Posts