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Annuity Calculator

An annuity calculator was used to model a 1-year investment with periodic monthly deposits of $200, for a total investment of $2,400. The annual interest rate was 2.5%. At the end of the 1-year term, the total value of the investment was $2,432.75, with $32.75 in interest earned.

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Sameerbaskar
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40 views1 page

Annuity Calculator

An annuity calculator was used to model a 1-year investment with periodic monthly deposits of $200, for a total investment of $2,400. The annual interest rate was 2.5%. At the end of the 1-year term, the total value of the investment was $2,432.75, with $32.75 in interest earned.

Uploaded by

Sameerbaskar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Annuity Calculator

Deposits
Initial investment: $0.00
Periodic deposit amount: $200.00
No. periodic deposits per year : 12
Deposits made at beginning of period? TRUE
Investment Period
Length of investment (years): 1
Interest Rate
Annual interest rate: 2.50%
Calculations
Initial investment $0.00
Additional deposits: $2,400.00
Total amount invested: $2,400.00
Periodic interest rate: 0.21%
Value of investment at end of term: $2,432.75
Interest earned on investment: $32.75

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