Future Value of $1 Annuity Table Creator

Future Value Table

Year Future Value

An annuity is a series of equal payments made at regular intervals, such as annually, quarterly, or monthly. The future value of an annuity is the value of the annuity payments at a future date, taking into account the interest earned on the payments. The future value of an annuity can be calculated using the following formula:

FV=PMT∗((1+i)n−1)/i

Where:

  • FV is the future value of the annuity
  • PMT is the amount of each annuity payment
  • i is the interest rate per period
  • n is the number of periods

The Future Value of $1 Annuity Table Creator is a tool that helps calculate the future value of an annuity. It provides a table that shows the future value of $1 invested in an annuity for a certain number of years at a certain interest rate. The table is used to calculate the future value of an annuity by multiplying the amount invested by the factor in the table that corresponds to the number of years and interest rate.

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Formulae

The following formula is used to calculate the future value of $1 annuity table:

FV=(1+i)n

Where:

  • FV is the future value of the $1 annuity
  • i is the interest rate per period
  • n is the number of periods

Benefits

There are several benefits to using a future value of $1 annuity table:

  1. Convenience: Future value of $1 annuity tables are very convenient. They can be found online or in financial planning books.
  2. Accuracy: Future value of $1 annuity tables are very accurate. They consider the compounding of interest, which is important for calculating the future value of an annuity.
  3. Speed: Future value of $1 annuity tables can be used to calculate the future value of an annuity quickly. This can be helpful for people who need to calculate the future value of an annuity regularly.

Interesting facts

The future value of an annuity is affected by three factors:

  • The amount of each annuity payment
  • The interest rate
  • The number of periods

The higher the interest rate, the higher the future value of the annuity will be. The longer the number of periods, the higher the future value of the annuity will be.

References

Here are some references on future value of $1 annuity tables:

  • Financial Mathematics: A Practical Guide by John C. Hull (2017)
  • Investments by Zvi Bodie, Alex Kane, and Alan J. Krauer (2020)
  • The Mathematics of Personal Finance by Robert D. Merton (2019)

Applications

Future value of $1 annuity tables are used in a variety of applications, including:

  • Retirement planning: Retirement planners use future value of $1 annuity tables to calculate how much money a person needs to save for retirement.
  • Financial planning: Financial planners use future value of $1 annuity tables to help their clients plan for their financial goals, such as saving for college or buying a house.
  • Investing: Investors use future value of $1 annuity tables to calculate the potential return on their investments.
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