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# Future Value (Ordinary Annuity)

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Equation / Last modified by KurtHeckman on 2016/10/21 19:25
`FV = `

Future Value (Ordinary Annuity)

Variable | Instructions | Datatype |
---|---|---|

`(PMT)"payment"` | Enter the regular payment | Decimal (USD) |

`(r)"interst per period"` | Interest per period as a % | Decimal (%) |

`(t)"number of payments"` | Enter the number of payments | Decimal |

Type

Equation

Category

Industries->Finance->Personal Finance

Contents

3 variables

Tags:

Rating

ID

vCalc.Future Value (Ordinary Annuity)

UUID

a2a74891-8017-11e4-a9fb-bc764e2038f2

The **Future Value of an Ordinary Annuity** calculator computes the future value (FV) of a fixed rate annuity based on:

- (PMT) regular annuity payment,
- (r) fixed interest rate of return per period, and
- (t) number of periods defining the duration.

The calculator makes the needed currency conversion and computes the Future Value in U.S. dollars. However, this can be automatically converted into other currency units (e.g Canadian Dollars) via the pull-down menu.

# Description

This formula calculates the future lump-sum value of of an annuity paid in fixed payments (**PMT**) based on a fixed interest rate (**r**) over a number of payments (**t**). This formula could help an investor decide if they should accept a fixed payment of $20 each month for two years or $500 in a lump sum at the end of the two year period.

# See also

Present Value (Ordinary Annuity)

# External Links

This equation,

**Future Value (Ordinary Annuity)**, is used in 1 calculator.**Calculators**