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Annuity Calculator. An annuity is an investment that provides a series of payments in exchange for an initial lump sum. With this calculator, you can find several things: The payment that would deplete the fund in a given number of years. The amount needed to generate a specific payment.How does fixed payment amount annuity payout work?
A fixed payment amount payout option allows annuitants to select the amount they will receive in each monthly payment. These payments will continue until the annuity's balance is depleted. As the calculator shows, the duration of the payments depends on the amount chosen and the annuity's accumulated value at the time of annuitization.How to calculate your monthly mortgage payment with Bankrate?
Bankrate’s mortgage calculator gives you a monthly payment estimate after you input the home price, your down payment, the interest rate and length of the loan term. Use the calculator to price different scenarios. You might discover you need to adjust your down payment to keep your monthly payments affordable.How is the frequency of payments determined in an annuity?
The frequency of payments produced by the annuity. The initial lump sum invested needed to produce the desired payments each period. The estimated yearly return on the initial lump sum invested, expressed as a percentage. The number of years the annuity will produce payments until depleted.