Annuity Immediate Quote

What monthly payment is needed to make an ordinary annuity obtain $200,000 in 30 years at 9.75% interest?

You have a 40 year old client, who wants to start saving for retirement, with her first payment coming one year from now. She can save $5,000 per year, and expect an average return of 9% in the future.

A.) How much money will she have at 65?
B.) How much money will she have at 70?
C.) If she expects to live for 20 years in retirement if she retires at 65 and for 15 years at 70, and her investment continues to earn the same rate, how much could she withdraw at the end of each year after retirement at each retirement age?

3.)A.) For this problem, I plugged in the following values into the financial calculator application: N = 25, I = 9%, PV = 0, PMT = -5,000. The variable to be solved in this case is the future value. The answer I got was $423,504.48.

B.) For this problem, the only value I switched was N = 25, to N = 30. The answer I got was $681,537.69.

C.) At 65 years old, the client could withdraw $46,393.42 each year during retirement, for 20 years. I arrived at my answer by inputting the following values into the financial calculator application: N = 20, PV = -423,504.48, I = 9%, and FV = 0. The value to be solved for is the payment, or the withdrawals she would be able to make at the end of each year.
At 70 years old, the client could withdraw $84,550.80 for 15 years. I arrived at my answer by inputting the following values into the financial calculator application: N = 15, I = 9%, PV = -681,537.69 and FV = 0. And again, the value to be solved for is the payment, or the withdrawals she would be able to make at the end of the year.

^ Those are the answers I got. Can anyone just check them over and make sure I did the problem correctly?
Thanks.

Looking for the best way to calculate what I can expect to owe in taxes on an annuity that was cashed without the taxes withheld? Is there a close percentage of the cashed amt you can figure?

Problem: Find the monthly payment on a 100,000$, 25-year mortgage at 12% interest compounded monthly.

I do these on my calculator (T-83 plus)

What I have so far:
FV- 100,000
PMT- (to be solved)
PV- 0
N and i I cannot find…. How do I find N and i?

I do not understand what interest compounded monthly means. Someone please tell me. Thanks

hi, i’m fairly young with no debt, no plans on owning a car or house and i want to invest my money (from a cd account) into either/and a fixed annuity or bond (preferably a safe govt bond)
what do you suggest? am i wasting time investing in an annuity since i am no where near retirement or should i diversify my options in bonds?
PS i’m doing this through chase (unless I shouldent?)
PPS is there a website that teaches dummies like me about the different bonds out there?

This is a government funded retirement annuity.

I am trying to figure out how to put this in my calculator, and I don’t know what I am doing wrong.

I put in:
N=14
I/Y=8.5
PV=0
PMT=-900

and the FV comes out to be wrong… Please help! =)

Under what condition(s) would the two be equal?

My mom was talking with some Rude Jerk guy about that and how much my brothers and sister would get after she goes to heaven. So i was wondering What does it mean and what a annuity is?

Can anyone tell me what the future value of the annuity is and specifically how to come up with the answer?

My father passed away not long ago, he had a group life insurance through his job. I was just told that he had an inactive annuity. What is needed to be done to receive this?? And what does the “inactive annuity” mean??

Which companies have the lowest fees and best reputations? I’ve heard about a number of scams involving annuity sales to seniors. What kind of annuities are these?

what is the formula to figure this out?