Annuity Payment Calculator

Select currency, enter value and click on calculate. Result will be displayed.
Currency:
Starting Principal:
Annual Interest Rate:
%
Repayment Period:
Years
Annuity Payment:

An Annuity Payment Calculator is a tool used to calculate the periodic payments that a person will receive or pay over a fixed period, based on a lump sum amount, interest rate, and payment frequency. It helps individuals or businesses determine the regular payments (such as monthly, quarterly, or yearly) required for loans, investments, or retirement plans.

The formula for calculating an annuity payment can be expressed as:



Where:
P = Payment amount per period
PV = Present value (initial amount or lump sum)
r = Interest rate per period
n = Number of periods (e.g., months or years)
There are two main types of annuities:

Ordinary Annuity (Payments made at the end of each period).
Annuity Due (Payments made at the beginning of each period).
Annuity calculators are useful for:

Determining the amount you need to save for retirement.
Calculating mortgage payments.
Estimating the payouts of a pension or insurance policy.