Online Annuity Calculator - PV, FV, and PMT with ordinary/due support
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An annuity is a series of equal payments at regular intervals. Common examples include monthly pension payments, mortgage payments, and annual insurance premiums. Annuity calculations are fundamental for financial planning.
Ordinary annuities pay at the end of each period; annuity due pays at the beginning. Annuity due earns one extra period of interest, so both PV and FV are higher. For example, with monthly $1K payments, annuity due has about one month's extra interest.
Use PV when you need the current value of future payments (e.g., pension valuation, loan calculation). Use FV when projecting the accumulated value of regular investments (e.g., retirement savings goal, DCA returns).
A series of equal payments at regular intervals. Used for pensions, mortgages, insurance.
Ordinary: end of period. Due: beginning. Due earns one extra period of interest, so PV and FV are higher.
PV: current value of future payments (pension, loans). FV: accumulated value of investments (retirement, DCA).