Annuity Interest Calculation
American Underwriters Life Insurance Company
Great Fidelity Life Insurance Company
Century Life Assurance Company
Great Fidelity Life Insurance Company
Century Life Assurance Company
We employ the following interest computation:
Interest = (((1 + (intrate/100))^(Number of Days/365))-1) * Balance
| Beginning | Monthly Interest |
Ending Balance |
Month Ending |
|---|---|---|---|
| $10,000.00 | $33.37 | $10,033.37 | 1/31/2013 |
| $10,033.37 | $30.23 | $10,063.60 | 2/28/2013 |
| $10,063.60 | $33.58 | $10,097.18 | 3/31/2013 |
| $10,097.18 | $32.60 | $10,129.78 | 4/30/2013 |
| $10,129.78 | $33.80 | $10,163.58 | 5/31/2013 |
| $10,163.58 | $32.82 | $10,196.40 | 6/30/2013 |
| $10,196.40 | $34.02 | $10,230.42 | 7/31/2013 |
| $10,230.42 | $34.14 | $10,264.55 | 8/31/2013 |
| $10,264.55 | $33.14 | $10,297.69 | 9/30/2013 |
| $10,297.69 | $34.36 | $10,332.05 | 10/31/2013 |
| $10,332.05 | $33.36 | $10,365.41 | 11/30/2013 |
| $10,365.41 | $34.59 | $10,400.00 | 12/31/2013 |
Yield = ((Ending Balance / Beginning Balance)-1)*100
4.00 = ((10400.00 / 10000)-1)*100