Professional Documents
Culture Documents
Annuity Calculations
Annuity Calculations
Copyright
Copyright © 2007-2015 by Charles W. Kyd, all rights reserved.
Notice that this calculated payment amount is a fraction of a cent more than
PMT ($71.5607) the pmt values used in the calculations below.
rate 3%
nper 10
pv 0
fv 10,000.00
type 0
This isn't exactly 120 months because pmt was rounded to the nearest
NPER 120.0010791 penny.
rate 3%
pv 0
fv 10,000.00
type 0
pmt ($71.56)
PV ($0.08) This isn't zero because the pmt was rounded to the nearest penny.
rate 3%
nper 10
fv 10,000.00
type 0
pmt ($71.56)
FV $9,999.90 This isn't $10,000 because the pmt was rounded to the nearest penny.
rate 3%
nper 10
pv 0
type 0
pmt ($71.56)