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Annuities By Jordan Moncada. ANNUITY  A series of payments made in equal intervals (loans, retirement plans, etc.)

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Presentation on theme: "Annuities By Jordan Moncada. ANNUITY  A series of payments made in equal intervals (loans, retirement plans, etc.)"— Presentation transcript:

1 Annuities By Jordan Moncada

2 ANNUITY  A series of payments made in equal intervals (loans, retirement plans, etc.)

3 Present Annuity APR= Annual percentage rate i = interest rate÷ time period per year n= total # of payments P= annuity payment Hints when to use this equation: monthly car payments, house mortgages, etc.

4 Future Value of an Annuity APR= Annual percentage rate i = interest rate÷ time period per year n= total # of payments P= annuity payment Hints when to use this equation: IRA(individual retirement accounts), etc.


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