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Annuity Payment Calculator

Periodic payment from a principal that earns interest.

Find the periodic payment that will draw down a starting balance to zero over a chosen number of periods at a given rate.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

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Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

PMT = PV · r / (1 − (1 + r)−n) with rate per period and n periods.

In depth

Find the periodic payment that will draw down a starting balance to zero over a chosen number of periods at a given rate.