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Mathematical calculators Physical calculators Economic calculators Other calculators

 

Securitizable

 

 

Securitizable

annuity = fixed regular amount of money

FV = future value

i = interest rate

n = number of periods

WHAT IS IT ?

The Fund Calculator determines the amount we need to save regularly (monthly, yearly) for a certain period to achieve the desired amount at a given interest rate.

 



 

 

 

CALCULATION:

Enter the currency you want to calculate in, e.g., Eur

Enter the amount you want to save

Enter the interest rate (e.g., for a savings or term account)

Enter the period in months or years for which you want to save the specified amount

EXAMPLE:

A company needs to save 90,000 Euros in 5 years for new equipment. The bank offers a 4% interest rate if we regularly deposit the same amount each year. How many Euros do we need to deposit at least to obtain these funds?

So we substitute into the formula above

annuity=90,000 * ((0.04/(1+0.04) to the power of 5)-1)

annuity= 90,000 * ((0.04/(1.04) to the power of 5 -1)

annuity=16616.44 Euros

 



 

 

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