6.3 Annuities

Examples of 5% and 10%

Future value (FV) of an annuity

P: r: t: n:


FV:  =   payments' total (P*n*t):  +  interest earned:


Periodic payment (Pmt) of an annuity

FV: r: t: n:


Pmt:
Payments' total (P*n*t):      interest earned: