# Future Value of Annuity Calculator

Future Value of Annuity Calculator is a tool to find the future value of annuities due, regular annuities and growing annuities

Future Value Of Annuity:
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Background Information

What does Future Value of Annuity mean?
The future value of an annuity measures how much a person would have in the future at a specific rate of return or discount rate.
Formula
FV of Annuity = P [((1 + r)n - 1) / r]

Where:-

• P - Periodic Payment
• r - Rate per Period
• n - Number of Periods
Example

A man decides to save by depositing $1000 into an account per year for a term of 5 years. The effective annual rate on the account is 2%. If he wants to determine the balance after 5 years, then according to the above formula; the balance after the 5th year would be$5204.04.