tannerking1
New member
I think the two most common annuties are ordinary annuities and annuities due.
https://www.calculator.net/annuity-...cyears=6&printit=0&x=Calculate#annuity-result
I've been using this calculator above as well as using this youtube video...
to get a basic understanding of the math behind annuities.
Starting principal at $1500
Annual Addition of $1500
Monthly Addition of $0
Annual Growth rate of 8%
Policy owner (example) wants it for the next 6 years so...
After *5* years, which confuses me because its like were just skipping the year were on right now.
I calculate that and the ending balance after 5 years is going to be 11k which matches the youtube's video final assessment.
Also I heard that Universal Index Life (IUL) can out perform a Annuity via interest. I need more information on this and need to see the actual match per year.
https://www.calculator.net/annuity-...cyears=6&printit=0&x=Calculate#annuity-result
I've been using this calculator above as well as using this youtube video...
Starting principal at $1500
Annual Addition of $1500
Monthly Addition of $0
Annual Growth rate of 8%
Policy owner (example) wants it for the next 6 years so...
After *5* years, which confuses me because its like were just skipping the year were on right now.
I calculate that and the ending balance after 5 years is going to be 11k which matches the youtube's video final assessment.
Also I heard that Universal Index Life (IUL) can out perform a Annuity via interest. I need more information on this and need to see the actual match per year.