AnnuityValue
Example:
Life Annuity
How many dollars are needed today (present value) to pay
$100 a month to an individual age 60 for the remainder of their life? Assume 6.0% and UP-84 mortality.
Individual Age
Display
|
|
Primary Assumptions |
||||
|
Table: |
41 |
Description: |
UP-1984 UNISEX
TABLE |
Deferred Age: |
65 / 3 |
|
Interest: |
6.00% |
Setback(-)/Setforward(+): |
0 |
qx Factor: |
1 |
|
Pay Freq: |
Monthly |
Years Certain: |
0 |
Annuity Certain: |
0.000000 |
|
Primary Age
Values - Age: 60 and 0 months |
|
|
Annuity Factor |
Description |
|
10.595867 |
Immediate Life with 0 Year Certain |
|
6.238518 |
Deferred Life to Age 65 and 3 months with 0 Year
Certain |
|
0.588769 |
Actuarial Equivalent to Age 65 and 3 months with 0
Year Certain |
|
18.376974 |
Curtate
Expectation of Life |
Answer:
|
Period Payment |
$100.00 |
|
Frequency of Payment |
12 |
|
Annuity Factor |
10.595867 |
|
Product |
$12,715.04 |