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In 2009, Ted purchased an annuity for $60,000. The annuity is to pay him $1,500 per month for the rest of his life. His life expectancy is 120 months. A). Ted is not required to recognize any income until he has collected 40 payments (40 $1,500 = $60,000).
The annuity payout calculator shows how much you will receive in payment over a certain period of time. You can choose payments annually or per month. You can also supply the inflation rate to the annuity payout calculator to get an idea of what the annuity payout will really worth over the time. The balance schedule below breaks this down.