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).