# Future Value (FV) of an Annuity Calculator

LAST UPDATE: April 8th, 2018

### What is a Future Value (FV) of an annuity?

Future value (FV) of an annuity is a financial calculation used when determining the value of a specific amount of time of a set of annuity payments that occur each compounding period.
As this calculator is structured to parallel the results of a financial calculator, inputs and outputs will be similar – for example, a present negative value (or payment) means an outflow as opposed to a directly negative number.

### How is the Future Value of an Annuity calculated?

The Future Value of an annuity is calculated through a financial formula used with the time value of money.
$\text{Future Value} = \text{Annuity Payment} \times \frac{(1 + \text{Interest Rate})^\text{Number of Periods} - 1}{\text{Interest Rate}}$