8:00 AM Central Time is 7:00 AM Mountain Time. Mountain Time is one hour behind Central Time.
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).
This would be like aski We have a PMT but no PV amount 4. Present Value of an Annuity. What is the present value of periods rate PMT a. $450 a year for 15 years at a 7.5 percent discount rate? 15 8% 450 Often you want to know how long it will take to earn a certain amount of money. You might have a payment am Here we have just the starting and ending amounts, and need to know how long it will take.