Thursday, September 2nd, 2010 at
11:36 pm
He died when i whas 2 years old. I want this money to grow grow grow whats the best place for it? im thinking of a CD? or mabey buy a house i guess and pay cash for it, then rent it out and have a monthly positive cash flow?
Well it breaks down like this every birthday i have i get a anuity payment in the amount of 35k 1 year and the the next year 40k and so on and when im 30 i get 1 last payment of 350k dollars as my last payment.
So when im 30 the annuity payments will have been completed. Right now im in school and stuff and im using some of the money for school.
Thursday, September 2nd, 2010 at
10:54 am
My wife owned an commercial annuity for about 10 years and totally cashed it in in 2008. The insurance sent her what looks exactly like a 1099R except that it didn’t say 1099R on it. What forn to use to report the income to irs?
Wednesday, September 1st, 2010 at
11:30 pm
The XYZ Television Company offers a machine for 0 down and per month for one year. If interest is charged at 18% compounded monthly, find the actual cash value of the television.
I think it might use A= (PV*i)/(1-1/(1+i)^n )
Wednesday, September 1st, 2010 at
12:28 pm
A company borrowed ,000 cash from the bank and signed a 6-year note at 7%. The present value of an annuity for 6 years at 7% is 4.7665. The annual annuity payments equal ,490. The present value of the loan is