So......you are supposed to get equal payments annually for 30 years to a balance of zero, with the balance gaining value at 6% per year......do I have that correct?
Inflation has been pretty low over the last 10 years High 3.8 low -.4)
http://tinypic.com/r/344wo77/9
.....what does your account mean when it says 'indexed for inflation'
Your payments go DOWN with inflation?
I would certainly press a little harder for clarification from your agent about the values used for inflation....'calculated by a computer' should make it even easier to get the numbers used yearly !
There are some financial gurus online here that will be able to give you some better/good answers.....
Without inflation, compounded annually at 6%, annual payments for 30 years to balance of zero should yield payments of:
47221.79 as you found
