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- PRESENT VALUE OF A DEFERRED ANNUITY
-
- AN ANNUITY IS A SEQUENCE OF EQUAL PAYMENTS MADE AT EQUAL
- INTERVALS OF TIME. A DEFERRED ANNUITY IS AN ANNUITY FOR
- WHICH THE FIRST PAYMENT IS NOT MADE UNTIL SOME FIXED TIME
- IN THE FUTURE. THIS PROGRAM WILL COMPUTE THE PRESENT VALUE
- OF A DEFERRED ANNUITY GIVEN THE AMOUNT OF THE INDIVIDUAL
- PAYMENTS, THE NUMBER OF PAYMENTS, THE INTEREST RATE, AND
- THE TIME THE ANNUITY BEGINS. IF DESIRED, A LAST EXTRA
- BALLOON PAYMENT COINCIDING WITH BUT IN ADDITION TO THE
- LAST PAYMENT MAY BE CONSIDERED.
-
- PRESS ENTER TO BEGIN?
-
- IS INTEREST RATE QUOTED PER PERIOD(P) OR ANNUALLY(A)? A
-
- NUMBER OF PAYMENTS PER YEAR? 12
- NUMBER OF YEARS INTO FUTURE UNTIL 1ST PAYMENT? 5
- ENTER EACH OF THE FOLLOWING.
- ANNUAL INTEREST RATE(%) ? 3.25
- TOTAL NUMBER OF PAYMENTS? 360
- ENTER REGULAR PAYMENT? 1234.56
- BALLOON PAYMENT ? 56789.01
- PRESENT VALUE = 260117.
- NUMBER OF PAYMENTS = 360
- CONSISTING OF 12 PAYMENTS ANNUALLY.
- ANNUAL INTEREST RATE = 3.25
- PAYMENT = 1234.56
- BALLOON PAYMENT = 56789.
-
- PRESS ENTER FOR MORE? 0
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