Annuity Table Creator
Create a reference chart showing the growth of a $1 periodic investment. This tool is perfect for understanding how compounding interest builds wealth over many years.
What is an ordinary annuity?
An ordinary annuity is a series of equal payments made at the end of each period over a fixed length of time. Common examples include monthly rent or annual bond interest payments.
What does the "$1 Annuity Table" show?
The table shows the future value of a $1 investment made at regular intervals. By knowing the value for $1, you can multiply it by your actual payment amount to find the future value of your specific annuity.
How is the future value of an annuity calculated?
The formula is: FV = P × [((1 + r)ⁿ - 1) / r], where P is the payment, r is the interest rate per period, and n is the total number of periods.
What is the difference between an ordinary annuity and an annuity due?
In an ordinary annuity, payments are made at the END of each period. In an annuity due, payments are made at the BEGINNING of each period. This calculator focuses on ordinary annuities.