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Yes, but not directly.
An annuity is a stream of payments paid to some entity for some limited period of time (there are lifetime annuities which are known as perpetuities).
One has the following two options for unlocking the value of an annuity:
* Sell the annuity - receive the present value of all future payments right now in a single lump-sum - you will NOT have to pay it back, however, you will not receive any more annuity payments
* Get a loan - offer the payments as security on a personal loan - the bank will ask you to redirect the payments of the annuity to their bank and either (1) directly use future payments to pay the loan payments or (2) keep future payments accumulated in a trust to guarantee that the loan gets fully paid.
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How long would it take for your annuity to double at a 6 percent investment gain?
12 years.
How is present value annuity factor calculated?
The present value annuity formula is used to simplify the calculation of the current value of an annuity. A table is used where you find the actual dollar amount of the annuity and then this amount is multiplied by a value to get the future value of that same annuity.
What are the four pieces to an annuity present value?
The four pieces to an annuity present value are: Present value(PV), Cashflow (C), Discount rate (r) and the life of the annuity (t)
What is annuity unit?
Annuity Unit is fixed sum payable to the Annuitant under the options offered and chosen by him.
Where could one find information on annuity calculators?
One can find information on annuity calculators by going to the place that provides them. Examples of places that provide annuity calculators would be Bankrate, Aviva and LifeAnnuities.
