An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Amanda Jackson has expertise in personal finance, investing, and social services. She is a ...

Recurring or ongoing payments are technically annuities. Whether making a series of fixed payments over a period, such as rent or car loan, or receiving periodic income from a bond or certificate of ...

Annuities are investment contracts issued by financial institutions like insurance companies and banks. When you purchase an annuity, you invest your money in a lump sum or gradually during an ...

The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]). The NPV function returns the net ...

Shauna Croome was one of the earliest financial content contributors when Investopedia opened in 2002. She was fundamental in growing the site to become the leader in financial literacy. Shauna held ...

An annuity is good way to supplement your retirement savings to ensure your golden years are as smooth as possible. By locking in a fixed monthly income in exchange for an upfront payment, you can ...

In the world of finance, an annuity is a contract between you and a life insurance company in which you give the company a lump sum or series of payments, and in return, the insurer promises to ...