No. of Recommendations: 1
Pension of $12,000/yr for 7 years
Interest rate= 5.00 %
Lump sum= 69437.00
Year 1 2 3 4 5 6 7
Interest 3471.85 3045.44 2597.71 2127.60 1633.98 1115.68 571.46
Principle 8528.15 8954.56 9402.29 9872.40 10366.02 10884.32 11428.54
Total 12000.00 12000.00 12000.00 12000.00 12000.00 12000.00 12000.00
Remainder 60908.85 51954.29 42552.01 32679.61 22313.59 11429.27 0.73
Interest rate= 4.50 %
Lump sum= 70713.00
Year 1 2 3 4 5 6 7
Interest 3182.09 2785.28 2370.62 1937.29 1484.47 1011.27 516.78
Principle 8817.92 9214.72 9629.38 10062.71 10515.53 10988.73 11483.22
Total 12000.00 12000.00 12000.00 12000.00 12000.00 12000.00 12000.00
Remainder 61895.09 52680.36 43050.98 32988.27 22472.75 11484.02 0.80