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Annuity = r * PVA Ordinary / [1 – (1 + r)-n]

Where,

 PVA Ordinary = Present value of an ordinary annuity


 r = Effective interest rate
 n = Number of periods

Annuity = r * PVA Due / [{1 – (1 + r)-n} * (1 + r)]

Where,

 PVA Due = Present value of an annuity due


 r = Effective interest rate
 n = number of periods

The Annuity Formulas for future value and present value is:

The future value of an annuity, FV = P×((1+r)n−1) / r

The present value of an annuity, PV = P×(1−(1+r)-n) / r

where,

 P = Value of each payment


 r = Rate of interest per period in decimal
 n = Number of periods

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