The present value of the annuity is $39,364.63. The value of an annuity of 1, for 16 years at 6%, is 10.1058953 (taken from the interest tables). The value you need is $39,364.63. Dividing this by the ...

This sounds like a slightly complicated situation but it’s great that you are considering it nice and early. You don’t say if ...

What is a Variable Annuity? A variable annuity is an insurance contract, that guarantees a minimum payment after a set number of years or the accumulation period. Variable Annuities also allow you ...