Oak Mountain Software

 

AnnuityValue

 

System Notes and Instructions

 

 

 

Assumptions

 

All annuity values generated are annuity-due values, i.e., beginning of period values.  For example, monthly values are paid on the 1st day of the month.

 

All annuity values are annual values payable m times a year as denoted by the Payment Frequency parameter.

 

 

Selection Menu Parameter Fields

 

Saved Parameters – Each time the annuity values are generated, the selected parameters are saved.  Thus, the next time a user returns to the Selection Menu the selected parameters you last used will be displayed.

 

Mortality Table – Select the mortality to be used in determining the annuity values.  Oak Mountain Software provides many common mortality tables.  The user may update and add as many additional tables as they desire.  See the Mortality Table Manager for instructions on how to update the mortality table data.

 

Interest – Select the interest rate to be used in determining the annuity values.  The interest rate listed is an annual interest rate.

 

Setback / Setforward - Select the setback or setforward years to be applied to the mortality rate ages used in determining the annuity values.

 

Period Certain - Select the period certain to be used in determining the annuity values.  The certain period is in years.

 

Deferred Age - Select the age (in years and months) to be used in determining the deferred annuity values.

 

Constant qx Values - Select a factor to applied to the qx values in determining the annuity values.  If no entry is made this field defaults to 1.0.

 

Display Ages - Select the age range for the values the annuity values to be displayed.

 

Individual Age - Select the age (in years and months) to be used in determining the Individual annuity values.

 

Payment Frequency - Select the frequency to be used in determining the annuity values.  All annuity values displayed are annual values that are payable m times a year.

 

Survivor Percentage - Select the survivor percentage to be applied in determining the Joint, Joint & Survivor, and Joint & Contingent annuity values.

 

Display Option - Select the annuity values to be displayed.

 

Submit Query – Press this button to generate the annuity values based the selected parameters.