Annuity table...

Present Annuity Table: The Present Annuity table depicts the current value that comes as the payment at the conclusion of every specific period for a particular ascertained number of these periods that continues into the future. The interest rates that are used for the calculation of the value of the present annuity are not kept constant throughout and the value is compounded on a yearly basis. In simpler terms, the table helps us to understand the amount we are ready to pay at present for the purpose of getting sequential payments of one dollar each. Utilizing the table is quite simple. All you need to do is check the vertical column that comes under your desired rate of interest and then check the lateral row that is against the specific year when you will get the last receipt. The point of intersection is the value of your present annuity. The value is given for one dollar. You ca simply multiply the value derived with the number of dollars you expect to get during every payment.

Future Annuity Table: The future annuity table gives a summary of the constituents for different rates of interests for different years. In order to make use of the Future Annuity table you need to check the left most vertical column for the number of time periods applicable in the case of your annuity. Then you need to look along the top most horizontal row and find out the rate of interest that is applicable in the case of your annuity. The point of intersection of the specific column and row will give you the value of the future annuity. The value will be given for an amount of one dollar only. You will be required to multiply this value with the number of dollars that s applicable in your case in order to get the final result for the value of the future annuity.

Ordinary Annuity Table: The ordinary annuity table is tool that helps you to calculate the annuity in which the same amount of money is paid as every single period of time draws to a close. Annuity due is different from the ordinary annuity in respect of its time of payment. The payment for the annuity due is received at as every single period of time starts. There are two types of ordinary annuity tables. The first one is the ordinary annuity table for the future value and the second table is the ordinary annuity table for the present value. In other words, the former is the Present Annuity table while the latter one is the Future Annuity table.

Rate Annuity Table: A rate annuity table will help you understand and calculate your income that you are likely to receive from the annuity scheme that you have bought. Using the rate annuity table you can get an idea of what payments you will receive at various points of time against the amount of money you have invested. This rate annuity table only gives an idea of the income and does not claim to give you the exact accurate value, as the rates do not remain constant and keep varying from time to time.