Use this excel annuity calculator to determine if your investment is worth it.
What is an annuity?
It is a contractual financial product sold that is designed to grow your money with interest for a number of fixed years. Then after a certain period, it will pay out a stream of payments. The period of time when an annuity is being funded is called the accumulation phase. Once payments commence, the contract is in what’s called the annuitization phase.