An annuity is a financial product that pays out in equal intervals over time, such as but not limited to a retirement fund. This fund would pay the same value at a regular frequency until the annuity has been exhausted. This calculator assists in working out the future value of an annuity to gauge what the financial value will be after a set period of time, this can assist with decisions relating to the time value of money. The calculations for this future value of annuity calculator rely on knowing the current or present value of the annuity, the interest rate that will be given and the number of periods in which the interest will be accumulated - which in this case is years. We assume a static interest rate in this calculation as predicting the fluctuations of interest rates offered by financial institutions over time into the future is almost impossible.
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