Annuity Calculator

These calculators can be readily found on the Internet. A potential investor can see what amount of investment is needed to guarantee a fixed amount each month over a fixed period of time The answers however do not take into consideration the cost in acquiring the annuity from a life insurance company. An annuity calculator can also display the amount of monthly pay a specific amount of up-front investment will generate and for how long. Calculators are easy to use and give quick ballpark answers for inquiring investors. These tools are user friendly and will give the user a very good insight into the results from owning an annuity. Calculators focus on the exact amount needed to provide a specific monthly income. They also show what is needed in the way of starting investment. Their ease of use makes running what-ifs very simple to do and to gain the knowledge needed to make an informed decision. 2.75% Annual Percentage Yield. More Money For Your Money!

By Unknown | Posted on 2008-09-22 23:29:28

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Definition:

The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in academic discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money concepts such as interest rate and future value.[1] Examples of annuities are regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. Annuities are classified by payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other interval of time.

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