SOLUTION: I have a pension that provides about $1,600 a month, fixed. What lump sum would I need to produce that given current returns on investment?

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Question 616580: I have a pension that provides about $1,600 a month, fixed.
What lump sum would I need to produce that given current returns on investment?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


You really need to go to a financial website where you can investigate the returns (and risks) on various investments, and where you will find different flavors of financial calculators. You are looking for the Present Value of a $19,200 per annum annuity. What you use for a rate of return is dependent on your own personal risk aversion.

John

My calculator said it, I believe it, that settles it
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