Annuities

Definitions
Illustration
 𝑛   −𝑛
 
𝑟 𝑟

𝐹=𝑅
{( 1−
𝑚
𝑟
𝑚
) −1
} P= 𝑅
{ (
1 − 1+

𝑟
𝑚
𝑚 )
}
F = Final amount or Future Value
P = Present Value
R = Regular Payment
n = Number of Payments