Figuring out how much you have in an annuity account can be complicated. Interest compounds, providing you with more money each and every month. To be sure you know what is going on with your annuity investment, you can use an annuity investment calculator. This simplifies the process of calculating because it is updated automatically once you include some information in the custom fields of the calculator.
The annuity investment calculator can be used for your personal use or to demonstrate to others the importance of compounding interest. You can also use the calculator as a way of learning how an interest rate can impact the amount of money that you will have at the end of the term. A customizable template is yours by simply downloading it and putting it to work for you.
How to Use the Annuity Investment Calculator
- Download the annuity investment calculator right here. It is free to use, so you can begin using it once it is on your computer.
- Enter in the present value of your fund, the interest rate, and the contribution you make each month. You can also fill in all of the other information to be sure you have the most information inside of the calculator.
- Save the calculator to a folder on your computer where you will remember where it is located.
- Whenever you want to make changes, you will be able to go back in and make them without having to relocate the file or make a new one.
- Use ‘Save as’ to create additional calculators for all of the annuity investment accounts that you have.
Tips for Using the Annuity Investment Calculator
- Be sure to fill out all areas of the annuity calculator at the top of the sheet with the current data that you have.
- Make any changes to the calculator when they occur to ensure you have the most up-to-date information at your fingertips.
- Look for higher interest rates in order to enhance the interest earned from month to month.
- Back up the calculator on a regular basis. You can save it to your hard drive or to the cloud to prevent any data loss.
Why create an annuity investment calculator when one has been created for you? The template is customizable, easy-to-use and downloadable right here. It will allow you to find out the value of your annuity faster and plan for the future.
Download: Annuity Investment Calculator
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