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Future Value of Annuity Calculator

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Future value Basics of Time Value of Money Present Value

✖The Monthly Payment is the amount a borrower is required to pay each month until a debt is paid off.ⓘ Monthly Payment [p]			+10% -10%
✖Interest Rate is the amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.ⓘ Interest Rate [IR]			+10% -10%
✖The Number of Periods is the periods on an annuity using the present value, periodic payment, and periodic rate.ⓘ Number of Periods [n_Periods]			+10% -10%

✖Future Value of Annuity is the value of a group of recurring payments at a specified date in the future; these regularly recurring payments are known as an annuity.ⓘ Future Value of Annuity [FV_A]

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Future Value of Annuity Solution

STEP 0: Pre-Calculation Summary

Formula Used

Future Value of Annuity = (Monthly Payment/(Interest Rate*0.01))*((1+(Interest Rate*0.01))^Number of Periods-1)
FV_A = (p/(IR*0.01))*((1+(IR*0.01))^n_Periods-1)
This formula uses 4 Variables

Variables Used

Future Value of Annuity - Future Value of Annuity is the value of a group of recurring payments at a specified date in the future; these regularly recurring payments are known as an annuity.
Monthly Payment - The Monthly Payment is the amount a borrower is required to pay each month until a debt is paid off.
Interest Rate - Interest Rate is the amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.
Number of Periods - The Number of Periods is the periods on an annuity using the present value, periodic payment, and periodic rate.

STEP 1: Convert Input(s) to Base Unit

Monthly Payment: 28000 --> No Conversion Required
Interest Rate: 5.5 --> No Conversion Required
Number of Periods: 2 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

FV_A = (p/(IR*0.01))*((1+(IR*0.01))^n_Periods-1) --> (28000/(5.5*0.01))*((1+(5.5*0.01))^2-1)

Evaluating ... ...

FV_A = 57540

STEP 3: Convert Result to Output's Unit

57540 --> No Conversion Required

FINAL ANSWER

57540 <-- Future Value of Annuity

(Calculation completed in 00.004 seconds)

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< Future value Calculators

Future Value of Present Sum given Compounding Periods

LaTeX Go Future Value = Present Value*(1+((Rate of Return*0.01)/Compounding Periods))^(Compounding Periods*Number of Periods)

Future Value of Annuity

LaTeX Go Future Value of Annuity = (Monthly Payment/(Interest Rate*0.01))*((1+(Interest Rate*0.01))^Number of Periods-1)

Future Value of Present Sum given Number of Periods

LaTeX Go Future Value = Present Value*exp(Rate of Return*Number of Periods*0.01)

Future Value of Present Sum given Total Number of Periods

LaTeX Go Future Value = Present Value*(1+(Rate of Return*0.01))^Number of Periods

Future Value of Annuity Formula

LaTeX Go

Future Value of Annuity = (Monthly Payment/(Interest Rate*0.01))*((1+(Interest Rate*0.01))^Number of Periods-1)
FV_A = (p/(IR*0.01))*((1+(IR*0.01))^n_Periods-1)

How to Calculate Future Value of Annuity?

Future Value of Annuity calculator uses Future Value of Annuity = (Monthly Payment/(Interest Rate*0.01))*((1+(Interest Rate*0.01))^Number of Periods-1) to calculate the Future Value of Annuity, The future value of annuity is the value of a group of recurring payments at a specified date in the future; these regularly recurring payments are known as annuity. Future Value of Annuity is denoted by FV_A symbol.

How to calculate Future Value of Annuity using this online calculator? To use this online calculator for Future Value of Annuity, enter Monthly Payment (p), Interest Rate (IR) & Number of Periods (n_Periods) and hit the calculate button. Here is how the Future Value of Annuity calculation can be explained with given input values -> 57540 = (28000/(5.5*0.01))*((1+(5.5*0.01))^2-1).

FAQ

What is Future Value of Annuity?

The future value of annuity is the value of a group of recurring payments at a specified date in the future; these regularly recurring payments are known as annuity and is represented as FV_A = (p/(IR*0.01))*((1+(IR*0.01))^n_Periods-1) or Future Value of Annuity = (Monthly Payment/(Interest Rate*0.01))*((1+(Interest Rate*0.01))^Number of Periods-1). The Monthly Payment is the amount a borrower is required to pay each month until a debt is paid off, Interest Rate is the amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets & The Number of Periods is the periods on an annuity using the present value, periodic payment, and periodic rate.

How to calculate Future Value of Annuity?

The future value of annuity is the value of a group of recurring payments at a specified date in the future; these regularly recurring payments are known as annuity is calculated using Future Value of Annuity = (Monthly Payment/(Interest Rate*0.01))*((1+(Interest Rate*0.01))^Number of Periods-1). To calculate Future Value of Annuity, you need Monthly Payment (p), Interest Rate (IR) & Number of Periods (n_Periods). With our tool, you need to enter the respective value for Monthly Payment, Interest Rate & Number of Periods 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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