Finance
Future Value of Annuity
Future value of recurring payments.
Formula
Formula
FV = PMT · (1 + r)n − 1r
Variables
| Symbol | Definition | Type & range | Units | Role |
|---|---|---|---|---|
| PMT | payment per period | real number (ℝ) | — | input |
| r | rate per period | real number (ℝ) | — | input |
| n | periods | real number (ℝ) | — | input |
Try it yourself
Interactive calculator
Worked examples
Example 1
Givenpayment = 100, rate/period (%) = 0.5, periods = 120
Result16387.93468
Example 2
Givenpayment = 500, rate/period (%) = 1, periods = 60
Result40834.83493