Future Value of Ordinary Annuities and Sinking Funds Solution

STEP 0: Pre-Calculation Summary
Formula Used
Future Value of Ordinary Annuity = Cashflow per Period*((1+Rate per Period)^(Total Number of Times Compounded)-1)/Rate per Period
FVO = Cf*((1+r)^(nc)-1)/r
This formula uses 4 Variables
Variables Used
Future Value of Ordinary Annuity - Future Value of Ordinary Annuity refers to the value that a series of equal periodic payments or receipts will grow to at a future point in time.
Cashflow per Period - Cashflow per Period refers to the amount of money that is either received or paid out at regular intervals.
Rate per Period - The Rate per Period is the interest rate charged.
Total Number of Times Compounded - Total Number of Times Compounded refers to the frequency with which interest is calculated and added to the principal amount in a compounding interest scenario.
STEP 1: Convert Input(s) to Base Unit
Cashflow per Period: 1500 --> No Conversion Required
Rate per Period: 0.05 --> No Conversion Required
Total Number of Times Compounded: 14 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
FVO = Cf*((1+r)^(nc)-1)/r --> 1500*((1+0.05)^(14)-1)/0.05
Evaluating ... ...
FVO = 29397.947983182
STEP 3: Convert Result to Output's Unit
29397.947983182 --> No Conversion Required
FINAL ANSWER
29397.947983182 29397.95 <-- Future Value of Ordinary Annuity
(Calculation completed in 00.004 seconds)

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Future Value of Ordinary Annuities and Sinking Funds Formula

​LaTeX ​Go
Future Value of Ordinary Annuity = Cashflow per Period*((1+Rate per Period)^(Total Number of Times Compounded)-1)/Rate per Period
FVO = Cf*((1+r)^(nc)-1)/r

What is Future Value of Ordinary Annuities and Sinking Funds?

This concept refers to the value that a series of equal periodic payments or receipts will grow to at a future point in time, assuming a certain interest rate or rate of return. In other words, it represents the total amount of money accumulated by making regular deposits or investments over a specified period, with interest compounding on those contributions. The future value of ordinary annuities is commonly used in retirement planning, savings goals, and investment analysis.
This concept refers to the value that a series of equal periodic payments or receipts will grow to at a future point in time, assuming a certain interest rate or rate of return. In other words, it represents the total amount of money accumulated by making regular deposits or investments over a specified period, with interest compounding on those contributions. The future value of ordinary annuities is commonly used in retirement planning, savings goals, and investment analysis.

How to Calculate Future Value of Ordinary Annuities and Sinking Funds?

Future Value of Ordinary Annuities and Sinking Funds calculator uses Future Value of Ordinary Annuity = Cashflow per Period*((1+Rate per Period)^(Total Number of Times Compounded)-1)/Rate per Period to calculate the Future Value of Ordinary Annuity, The Future Value of Ordinary Annuities and Sinking Funds formula is defined as the value that a series of equal periodic payments or receipts will grow to at a future point in time, assuming a certain interest rate or rate of return. Future Value of Ordinary Annuity is denoted by FVO symbol.

How to calculate Future Value of Ordinary Annuities and Sinking Funds using this online calculator? To use this online calculator for Future Value of Ordinary Annuities and Sinking Funds, enter Cashflow per Period (Cf), Rate per Period (r) & Total Number of Times Compounded (nc) and hit the calculate button. Here is how the Future Value of Ordinary Annuities and Sinking Funds calculation can be explained with given input values -> 29397.95 = 1500*((1+0.05)^(14)-1)/0.05.

FAQ

What is Future Value of Ordinary Annuities and Sinking Funds?
The Future Value of Ordinary Annuities and Sinking Funds formula is defined as the value that a series of equal periodic payments or receipts will grow to at a future point in time, assuming a certain interest rate or rate of return and is represented as FVO = Cf*((1+r)^(nc)-1)/r or Future Value of Ordinary Annuity = Cashflow per Period*((1+Rate per Period)^(Total Number of Times Compounded)-1)/Rate per Period. Cashflow per Period refers to the amount of money that is either received or paid out at regular intervals, The Rate per Period is the interest rate charged & Total Number of Times Compounded refers to the frequency with which interest is calculated and added to the principal amount in a compounding interest scenario.
How to calculate Future Value of Ordinary Annuities and Sinking Funds?
The Future Value of Ordinary Annuities and Sinking Funds formula is defined as the value that a series of equal periodic payments or receipts will grow to at a future point in time, assuming a certain interest rate or rate of return is calculated using Future Value of Ordinary Annuity = Cashflow per Period*((1+Rate per Period)^(Total Number of Times Compounded)-1)/Rate per Period. To calculate Future Value of Ordinary Annuities and Sinking Funds, you need Cashflow per Period (Cf), Rate per Period (r) & Total Number of Times Compounded (nc). With our tool, you need to enter the respective value for Cashflow per Period, Rate per Period & Total Number of Times Compounded and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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