# Ordinary Annuity Calculator - Payment Using Present Value

Use this calculator to determine the payment of an ordinary annuity using present value. An ordinary annuity is a series of equal payments paid at the end of successive periods.

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

## Computational Notes:

The payment is computed using the following formula:

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

Where:

PV = Present 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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