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Future Value of an Annuity
Future Value of an annuity is used to determine the future value of a stream of equal payments. The future value of an annuity formula can also be used to determine the number of payments, the interest rate, and the amount of the recurring payments. Use the future value of an annuity calculator below to solve the formula.
Future Value of an Annuity Definition
Future Value of an Annuity is the future value of a stream of equal payments, where the payment occurs at the end of each time period.
Variables
FV=Future Value of the annuity
Pmt=Payment amount
K=Annual interest rate
N=Number of payments
Future Value of an Annuity Formula
Interest Rate is solved by iteration
