# Annuity Due Calculator - Payment Using Future Value

Use this calculator to determine the payment of an annuity due using future value. An annuity due is a series of equal payments paid at the beginning of successive periods.

Annuity Due Calculator - Payment Using Future Value
Future Value (\$):
Discount Rate (%):
Number Payments:
Payment
Do not enter \$ or % in any field.

## Computational Notes:

The payment is computed using the following formula:

P = (FV * [r / ((1 + r)^n - 1)] * [1 / (1 + r)]

Where:

FV = Future Value

P = Payment

r = Discount Rate / 100

n = Number Payments

Adjust the discount rate to reflect the interval between payments which typically are annual, semiannual, quarterly or monthly. For example, for a 6% annual discount rate, enter 6 for an annual interval. Enter 3 for a semiannual interval. Enter 1.5 for a quarterly interval. Enter .5 for a monthly interval.

The discount rate is the same for all payment periods.

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