FundRobot » Fund of Funds » Help with an annuity due problem ?

Reply
Old   #1 (permalink)
Senior Member
 
Location: United States
Posts: 123
Default Help with an annuity due problem please?

I want to create a fund on 8% that would allow me to withdraw $34,900 per year beginning 2016 until 2019. I make equal contributions 2012 to 2015. how much must the balance of the fund equal on 2015 to satisfy my objective?
Okay. So I know I have an annuity due problem and that I want to know the present value. But when I use the present value of annuity table, the factor I use multiplied by my annuity payment, I get just over $104,900. But I am missing something. Can anyone please help me with this? Don't give the answer, just tell me what I'm doing wrong or point me in the right direction.

justhostgoz is offline   Reply With Quote
Old   #2 (permalink)
Senior Member
 
Posts: 471
Default Help with an annuity due problem please?

rob a bank
gtgz00299 is offline   Reply With Quote
more..
Reply

Bookmarks

Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
Help with an annuity problem? RedoAvathy Funded 0 02-11-2013 07:04 AM
I need help with an annuity problem? ltgz00016 Investments 0 12-19-2012 03:05 AM
Deferred Annuity problem help? adalia039 Funded 0 12-09-2012 03:05 PM
Finance Annuity Problem? unomouple Funding Sources 1 01-17-2012 12:07 AM
Can some one help with this Annuity problem? Pagsgowssmill Funds 0 09-12-2011 03:09 AM