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Annuity calculator

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This calculator computes the present and future value of an annuity. The calculator solves annuity problems for any unknown variable (interest rate, time, initial deposit, or regular deposit). It will also generate a detailed explanation of how the calculations were done.

Annuity calculator
How much money is needed today to finance a series of future payments?
help ↓↓ examples ↓↓
How much money must you deposit now at 4% interest in order to withdraw $800 at the end of each month for the next two years? Suppose you deposited $50,000 into a bank account in order to withdraw $600 per month for 10 years. Find the interest rate? Suppose you deposited $50 000 into a bank account at 6% annual interest rate. How many years you can withdraw $2000 at the end of each year. If you deposit $50,000 into a bank account, how much will each monthly payment be over 5 years if the rate of interest is 7% annually.
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Annuity calculator
How much money do you need at this moment to cover a sequence of future payments?
help ↓↓ examples ↓↓
If you plan to save $100 annually for 5 years and the annual interest rate of 12%, what is the future value? If you need $30 000 in 10 years and you get an interest rate of 9%, how much must you invest each of the next ten years? If you want to buy a car in 5 years that costs $2,000 and you can save $350 per year, what interest rate would you need? How long would it take you to save $50000 if you invested $2000 per year, and the interest rate is 8%?
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Examples
ex 1:
A deposit of $120 is placed into an account at the beginning of every month for 8 years. The bank pays 7% annual interest rate, compounded monthly, and paid at the end of the month. How much is in the account after the last deposit?
ex 2:
How much money must you deposit now at 4% interest in order to withdraw $800 at the end of each year for the next three years?
ex 3:
Assume you deposit \$50000 in a bank account having a 6% annual interest rate. How long can you withdraw \$300 at the end of each month?
ex 4:
If you need $30 000 in 10 years and you get an interest rate of 5%, how much must you invest each of the next 10 years?
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