How to Calculate Future Value of Annuity ?
Future Value of Annuity calculator uses Future Value of Annuity=(Monthly Payment/Interest Rate)*((1+Interest Rate)^Number of Periods-1) to calculate the Future Value of Annuity, Future value of an 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 and is denoted by FVAnnuity symbol.
How to calculate Future Value of Annuity using this online calculator? To use this online calculator for Future Value of Annuity , enter Number of Periods (n), Interest Rate (i) and Monthly Payment (p) and hit the calculate button. Here is how the Future Value of Annuity calculation can be explained with given input values -> 28000 = (28000/6)*((1+6)^1-1).