Chapter 5: Annuity Cash Flow
Your buddy just signed on as a financial planner at a local insurance company.
He suggests that you purchase a 30 -year annuity with the $100,000 that your grandmother gifted you. The annuity will pay a 5.4% interest rate. What will the annual cash flow be?
Note: Enter your answer in whole numbers. For instance, if your answer is
$50,522.51, enter 50523 .
Use the below table if you wish to copy the data into Excel.
Chapter 5: Annuity Cash Flow
Your buddy just signed on as a financial planner at a local insurance company. He suggests that you purchase a 30-year annuity with the $100,000 that your grandmother gifted you. The annuity will pay a 5.4% interest rate. What will
the annual cash flow be?
Note: Enter your answer in whole numbers. For instance, if your answer is
$50,522.51, enter 50523
Use the below table if you wish to copy the data into Excel.
Years
30
gift from grandmother ($)
$100,000
interest rate
5.4%