What is it for: Calculates the amount that can be received regularly from an invested capital.

How it works: The amount of each periodic payment for an annuity or pension is calculated.

Calculation: The payment amount is determined based on the initial capital and the length of the annuity.

Use: Useful for calculating pensions, annuities and periodic payments.

Formula: Annuity = Initial Capital * (Interest Rate / (1 - (1 + Rate)^(-n)))