Definition of "Interest"

The cost charged for the use of money, expressed as a rate per period of time, usually one year (in which case it is called an annual rate of interest). The rate is derived by dividing the dollar amount of interest by the amount of principal borrowed.

For expert help with your annuity call toll-free 866-866-1999
© Copyright 2004 - 2012 Total Return Annuities
Use This Free
Instant Annuity Calculator
Select your state, age, and gender and enter a dollar amount
Optional - Enter Joint Annuity info.
Enter a Premium Amount
and Click to Calculate
Need help? call 1-866-866-1999