The question is this: you can afford monthly deposits of $200 into an account that pays 5.7% compounded monthly. how long will it be until you have $7,000 to buy a boat?
I used the formula FV=PMT([(1+i)^n-1]/i) but couldnt figure out how to solve for n. Please help me
I work full time, make $13 an hour, have no kids and am single. I have no retirement savings at all started and need to start with some kind of plan.
what are the benefits and draw-backs for those?
which is better?
if the annuity earns 5% per year.
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I have been studying the subject of retirement planning the last few years. I wanted to explore and determine whether people should invest in variable annuities or taxable stock mutual funds. I hope that my findings help people better understand the pros and cons of investing in variable annuities versus taxable stock funds… More >>
Who Wins the Variable Annuity Versus Mutual Fund Battle?
I need help on this problem: Summit Co. issued 1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5% annual interest. What amount will be in the sinking fund at the end of 10 years?
What type of investment is the contra fund? Is it too aggressive for a retired person to invest in?
see the results of that buyout in my Metlife Annuity account? I already noticed in Scottrade that EOP was removed from list of stocks a few days ago.
I would like to get into something that has a low start up investment, short term duration, and has little or no penalty for with drawing early, where should I start. I’ve noticed annuities mainly reference senior citizens, but have been told by my Business Math professor that someone my age can start an annuity but I can’t find such a thing.
A friend of mine said that my investment “adviser” will make a KILLING on an annuity if I open one up; plus, I have to be in this annuity for something like 8-10 years before (decreased fees or something??) occurs. I’ll be transferring around $260k from another brokerage house to my “adviser.”
This same friend thinks I need to stick with mutual funds… when you compare the two investment vehicles, their difference in total return over the last 12-15 years isn’t that much difference (but that there were tax benefits or something with one or the other).
Any help?