The calculator can solve 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. The calculator computes the present and future value of an annuity.
Statistics and probability
Examples
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?
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?
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?
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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