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Calculators » Finance » Annuity Deposit
Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate monthly, quarterly, semi-annual, annual annuity payouts for a deposit amount. Annuity payments are fixed payments you will receive over a period of time for investments in "immediate" or "single-premium" annuity insurance scheme.
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The calculation for annuity deposits are similar to that of loan repayments. In this case, you lend to the bank at the notified interest rates, contrary to taking a loan from the bank.
Following is the formula to calculate annuity payment:
R = PV / ((1 - 1 / (1 + i)n) / i)
R = periodic payout
PV = Present Value
n = number of terms
i = period interest rate