Before investing, it is important for one to know what they expect to get from the investment. There are several devices which are used to do this. One of them is annuity tables.
The interest rates and the term are used while doing that. Together, one can deduce the factor. So as to avoid making wrong financial decisions, it is advisable that you refer to the correct table.
There are many types of such tables. The present value table is a good example. It provides one with the factor that can be used to know what a group of payments made in the future are valued presently. This table is used if the payments are going to be made at the end of the designated period.
Then there is the present value due table. The factors it has allow you to find out the current worth of payments that are made in the future. Unlike in the previous case, the deposits are made at the beginning of your term.
Then there is the future value. This shows the factor that is used when a financier wants to inquire about how much the deposit he made will be worth after a number of payments are made in the future. This is applicable if the payments or deposits take place at the end of the duration.
The other kind of annuity tables is a future value due table. It has factors that are used to determine how much deposits will be valued after several disbursements in the future. It is applied if the payments are made at the start of the term.
The interest rates and the term are used while doing that. Together, one can deduce the factor. So as to avoid making wrong financial decisions, it is advisable that you refer to the correct table.
There are many types of such tables. The present value table is a good example. It provides one with the factor that can be used to know what a group of payments made in the future are valued presently. This table is used if the payments are going to be made at the end of the designated period.
Then there is the present value due table. The factors it has allow you to find out the current worth of payments that are made in the future. Unlike in the previous case, the deposits are made at the beginning of your term.
Then there is the future value. This shows the factor that is used when a financier wants to inquire about how much the deposit he made will be worth after a number of payments are made in the future. This is applicable if the payments or deposits take place at the end of the duration.
The other kind of annuity tables is a future value due table. It has factors that are used to determine how much deposits will be valued after several disbursements in the future. It is applied if the payments are made at the start of the term.
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When searching for ways to increase monies available during retirement, annuity tables can help with making the right choices. You can go to our website to obtain multiple annuity quotes easily.