Finance

Annuity Payment Calculator

Find the payment from a present value over time.

Calculated Output

Annual payment ($) 12,950.46

Total paid ($) 129,504.57

Formula: PMT = PV × r ÷ (1 − (1+r)^−n)

Step-by-Step Breakdown

1. Values used:

2. Present value (principal) = 100,000 $

3. Annual rate = 5 %

4. Years = 10

6. Annual payment = 12,950.46$

7. Total paid = 129,504.57$

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The math behind it

PMT = PV × r ÷ (1 − (1 + r)^−n).

$100,000 at 5% over 10 yr → ~$12,950/yr.

Same as a loan?

Yes — loan payments use this formula.