How to Use a Monthly Annuity Calculator

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An annuity can be defined as a series of fixed payments made to a recipient at equal intervals. Some examples of annuities include interest received from fixed deposits in banks, payments made by insurance companies and pension payments. Although the type of annuity is determined by the source and frequency of payment dates, the method of calculation is fairly similar. Fortunately, many annuity calculators are available online to help you calculate your payments.

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