Future Value Calculation: step-by-step calculation You deposit $500 at the beginning of each year into an account that pays an annual interest rate of 6%. Calculate the future value of the annuity after 8 years. Present Value Calculation: step-by-step calculation You want to receive annual payments of $2,000 at the beginning of each year for 10 years. If the interest rate is 4% per year, what is the present value of this annuity due?

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Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.