If I own ,000 to credit cards issuers(Amer Express, Bank One, WomanWithin) and I stop paying any for months…what next? Especially since I think the old way of the credit rating system is obsolete or dead. Like my parents in the 1950s, I need not a credit system anymore in this life. Even moving to a 3rd world country before this year ends, permanently(railroad disability annuity)! Where all is cash and carry. They don’t even know what an American Express is or a credit rating.
Yes too, I can file bankruptcy and have paid a lawyer, in waiting, all his costs. Typical of lawyers, he was talking chapter 7, once paid, he talks chapter 13 now. Such is why America is in trouble now…bait & switch!

Ok, so my husband lost his jon (our only source of income right now). He was terminated wrongfully, so we are not even getting unemployment yet. I tracked down and old 401k I had and I am getting the run around for the last 2 weeks from the financial institution. First they tell me that it was cashed out and put into a trust in a few months ago charging me an fee of course. Then they tell me a couple months later it was put back into a fund because they couldn’t get ahold of me. The trust people tell me it’s with 401k the 401k tells me with trust. They both say someone will call m e back. My husband is trying to borrow against his annuity with his union and they for the last week say someone will call him. Nobody is calling and we are in dire need of getting our money. Are there laws protecting us?
My husbands Union is fighting for him in regards to the termination. We are going to contact them on Monday to see who we can talk to on the annuity. Also I should add that I did get a job and will be starting work next week. We just don’t want to fall too far behind and dammage our credit.

PV Annuity Question:

"If you will get a series of future cash flows of 00 per year for 2 years, and you would like to earn 8% on your investment, how much are you willing to invest today"

"If you are told that you will receive an annuity of 1,000,000 per year for 20 years, and you would like to earn 8% of your money, what is the most you would invest today?"

I dont get it… wouldn’t I just want to invest all my money?

1. An article cost885. to buy this article, a down payment of 20 is needed. If interest charged is 16% compunded quarterly, how much should be paid at the end of every 3 months for 1 year in order to payoff the balance?
2.A down payment of 50 was given for the purchase of a sala set with a cash value of 995. If interest is charged at 12% compunded monthly,how much should be paid at the end of every month for 2 years in order to payoff the balance?

thank you
finding th periodic payment of an annuity