Say you want to have :
* $1,000,000 in 40 years (so FV=1,000,000).
* Bank pays 8% APR with quarterly compounding..
* Payments are made at the end of the periods.
How do you get this? Thanks!
Edit: Payments are made the end of periods.
Posts Tagged ‘payment’
How do you figure annuities with different interest periods and payment periods?
02
Apr
Annuity payment help?
02
Apr
I’m stuck on this question and can’t figure out the formula.. does anyone know how to calculate? Please help..
How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of $4000 at the beginning of each six-month period, for a total of five years?
Thanks!
Annuity payment questions?
31
Mar
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.
If I won the lottery, should I choose the annuity or the cash payment?
28
Mar
I see most people choose the cash payment. Is that smarter?
What monthly payment is needed to make an ordinary annuity obtain $200,000 in 30 years at 9.75% interest?
27
Mar
What monthly payment is needed to make an ordinary annuity obtain $200,000 in 30 years at 9.75% interest?
What is the best way to collect a large lottery win? Annuity or single payment?
25
Mar
Roughly what percentage of stated jackpot do you win with if collected by single payment?
What is the present value of a five-year annuity; with the first $3,000 payment being made three months from?
23
Mar
What is the present value of a five-year annuity; with the first $3,000 payment being made three months from today, if the required return is 7% EAR? How can I calculate can you show?
I am receiving an annuity payment of 52,000 what type of penalty can i expect?
23
Mar
I have a lot of debt to pay off and think the time and intrest between everything would cost me more money in the long run
If there are 2 or more beneficiaries receiving an annuity payment, what happens if 1 beneficiary passes away?
22
Mar
This is an immediate annuity that was being paid out and the annuitant passed away, therefore the payments were going equally to 4 beneficiaries. What would happen if one of those beneficiaries then dies? Is the money then split 3 ways? Does the insurance company keep that share? Or can each beneficiary name a contingent beneficiary?
What is the present value of a semi-annual ordinary annuity payment of $7,000 made for 12 years with a require
18
Mar
What is the present value of a semi-annual ordinary annuity payment of $7,000 made for 12 years with a required annual return of 5%?
A . $65,145
B . $128,325
C . $125,195
D . $62,043
I received an annuity payment from a law suit, do I have to report it and do I pay taxes?
15
Mar
The lawsuit was actually a settelment from a car crash I was involved in, the length of the annuity contract was 10 years.
Selling an annuity payment?
12
Mar
i was in a accident when i was a child and i ended up getting a insurance settlement from symetra financial i was thinking about selling one of my payments that is due in 2017 the amount due is 93,000 but they only are offering me 33500 i calculated the present value with the fed rate at 3.60 and the present value is 69,467.03 is there a way i can get that amount? since the 93,000 is guaranteed
also he guaranteed me that i could buy a condo… im in the miami area only problem is im only 21 and make less than 7000 per year. and i have bad credit. i dont see how i would be approved