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A life annuity is an annuity whose payments are contingent on the continuing life of the annuitant. The age of the annuitant is an important consideration in calculating the actuarial present value of an annuity. The age of the annuitant is placed at the bottom right of the symbol, without an "angle" mark. For example:
The actuarial present value (APV) is the expected value of the present value of a contingent cash flow stream (i.e. a series of payments which may or may not be made). ). Actuarial present values are typically calculated for the benefit-payment or series of payments associated with life insurance and life
Therefore, the future value of your annuity due with $1,000 annual payments at a 5 percent interest rate for five years would be about $5,801.91.
2.1.2.1 Proof of annuity-immediate formula. 2.1.3 Annuity-due. 2.1.4 ... An annuity which provides for payments for the remainder of a person's lifetime is a life ...
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Using today's rates, a $10,000 immediate annuity for a 65-year-old might pay around $75 to $80 monthly for life. Delaying payments or investing more money would increase this amount.
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