Savings annuity calculator with graph help |

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Periodic payment amount (PMT) |
The periodic payment amount is a stream of equal payments paid at the end of each payment period made at regular intervals over a specified period of time.
The amount may contain max two digits after its decimal point. The amount entered may contain a comma (,) or point (.) as a decimal point separator. Do not use the thousands separator in the amount. Correct entered amounts5123.04 5123,04 6123 Incorrect entered amounts5,123.04 5.123,04 5123.041 The periodic payment amount (PMT) equation:
FV = Future value I = Interest amount R = Nominal interest rate per year (as a decimal, not in percentage) T = Time period in years N = Number of compounding periods in one yearPMT = Periodic payment amount, paid at the end of each payment period Note: A sinking fund is when we know the future value of the annuity and wish to calculate the periodic payment amount. |