If you want to use an Annual Annuity Calculator, click here.
Use this calculator when the annuity is being "built up".
To see the formulas for an annuity-due, for any period (along with 4 worked out examples), click here.
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This type of annuity is called an annuity-due, which means payments are made at the beginning of each payment period. (Basically this is exactly the same way in which a savings
account works.) Taking an example from Wikipedia, if we make monthly payments of $100, in a 9% annuity-due, for 7 years, what is the annuity value? First, click "MONTHLY" then click "TOTAL", then enter a monthly amount of 100, for 7 years at 9% interest. We click "CALCULATE" and our answer is $11,730.01.
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