if i want to buy an annuity that will give me 50000 for the next 20 years at 6% how muh would it cost today?

Posted by admin on November 29th, 2009 and filed under Buy Annuities | 1 Comment »

The equation would be:

Present Value = 50,000 / (1.06)^1 + 50,000 / (1.06)^2 + … + 50,000 / (1.06)^20

The answer is $573,496.06

One Response

John S Says:
November 30th, 2009 at 1:11 am
The equation would be:

Present Value = 50,000 / (1.06)^1 + 50,000 / (1.06)^2 + … + 50,000 / (1.06)^20

The answer is $573,496.06
References :

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