An annuity is a series of payments made at fixed intervals of time.

Examples of annuities are regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. Annuities are classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other interval of time.

Us the calculator below to see the amount of your investment after your payments are complete using the set rate of return - generally an interest rate on the money invested.