Best answer

5-6 Year Annuity Rate Sentinel Security Life (A.M. Best: B++) has the highest 5 year rate of 3.35%. Atlantic Coast Life (A.M. Best: B++) has the highest 6 year rate of 3.42%. This is an effective rate, resulting from a 4.25% rate in the first year and a 3.25% rate for the remaining 5 years in the guaranteed term.

**Gregor Thomas**Date created:

**May 27, 2022**

## How do you use the rate function?

The Excel RATE function is a financial function that returns the interest rate per period of an annuity. You can use RATE to calculate the periodic interest rate, then multiply as required to derive the annual interest rate. The RATE function calculates by iteration. nper - The total number of payment periods.

## What is the best refinance rate today?

Current mortgage and refinance ratesProductInterest RateAPR10-Year Fixed Rate2.580%3.180%30-Year Fixed Rate Jumbo3.130%3.200%15-Year Fixed Rate Jumbo3.080%3.510%5/1 ARM Rate Jumbo2.950%4.030%4 more rows

## What happens to the present value of an annuity as the interest rate increases quizlet?

What happens to the present value of an annuity if you increase the rate r? Assuming positive cash flows and interest rates, the present value will fall. Assuming a positive interest rate, the present value of an annuity due will always be larger than the present value of an ordinary annuity.

## Should I lock or float my mortgage rate today?

A “float down” option is actually the best of both worlds: you can lock in the current rate, but if the market changes and rates drop even further, the lender will provide you with an even lower rate. Borrowers can vet lenders with different loan rate lock features on Credible.

## What is rate formula in Excel?

The Excel RATE function is a financial function that returns the interest rate per period of an annuity. You can use RATE to calculate the periodic interest rate, then multiply as required to derive the annual interest rate. The RATE function calculates by iteration. nper - The total number of payment periods.

## What is the best mortgage rate today in Canada?

Best Mortgage Rates in CanadaLenderRateWeekly ChangeTD Get This Rate2.34% 5-YEAR FIXED HIGH-RATIO INSUREDNo changeBMO2.34% 5-YEAR FIXED HIGH-RATIO INSUREDNo changeCIBC2.37% 5-YEAR FIXED HIGH-RATIO INSUREDNo changeNational Bank2.44% 5-YEAR FIXED HIGH-RATIO INSUREDNo change25 more rows

## What is the mortgage index rate today?

For today, Thursday, May 13, 2021, the benchmark 30-year fixed mortgage rate is 3.050% with an APR of 3.270%. The average 15-year fixed mortgage rate is 2.350% with an APR of 2.650%.

## What is the selling rate of US dollar today?

Foreign Exchange RatesCurrencySellBuy (Cash)USD148.60131.10GBP210.80201.00CAD125.00117.50EUR184.00173.703 more rows

## What happens to the present value of an annuity as the interest rate increases?

As the interest rate rises the present value of an annuity decreases. This is because the higher the interest rate the lower the present value will need to be. The natural compounding factor of higher interest would necessitate a lower present value.

## What is the lowest interest rate for a car loan?

Compare the Best Auto Loan RatesLenderLowest RateTermsPenFed Credit Union Best Overall1.39%36 to 84 monthsLightStream Best Online Auto Loan2.49%24 to 84 monthsBank of America Best Bank for Auto Loans2.49%12 to 75 monthsConsumers Credit Union Best Credit Union for Auto Loans2.69%0 to 84 months4 more rows

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