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    Time Value of Money: Calculate the yearly annuity

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    Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of $200,000, and his life expectancy is 16 more years. His pension fund manager assumes he can earn a 12 percent return on his assets.
    What will be his yearly annunity for the next 16 years?

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    https://brainmass.com/business/the-time-value-of-money/time-value-of-money-calculate-the-yearly-annuity-440424

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    Time Value of Money

    Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of ...

    Solution Summary

    Time Value of Money: Calculate the yearly annuity for Alex Bell's retirement plan

    $2.49

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