1. The present value of an annuity is the cash value of all future payments given a set discount rate.

• The formula for determining the present value of an annuity is PV = dollar amount of an individual annuity payment multiplied by P = PMT * [1 – [ (1 / 1+r)^n] / r] where:

• P = Present value of your annuity stream

• PMT = Dollar amount of each payment

• r = Discount or interest rate

• n = Number of periods in which payments will be made

2. The future value of an annuity is the value of a group of recurring payments at a certain date in the future, assuming a particular rate of return, or discount rate

• The formula for the future value of an ordinary annuity is F = P * ([1 + I]^N - 1 )/I where
• P is the payment amount.
• I is equal to the interest (discount) rate.
• N is the number of payments (the “^” means N is an exponent).
• F is the future value of the annuity.

3. Periodic payments are normally made over the course of one's working life in preparation for withdrawals after retirement.

• the formula is PVA=Pmt[1−1(1+i)Ni]

4. Actual cash value (ACV) is the amount equal to the replacement cost minus depreciation of a damaged or stolen property at the time of the loss

• the formula is  P / CF

5. The present value of an annuity is the cash value of all of your future annuity payments

• The formula for determining the present value of an annuity is PV = dollar amount of an individual annuity payment multiplied by P = PMT * [1 – [ (1 / 1+r)^n] / r]

6. The future value of any annuity equals the sum of all the future values for all of the annuity payments when they are moved to the end of the last payment interval

• The formula for the future value of an ordinary annuity is FV=PV(1+i)n