An annuity is a series of equal payments made at regular intervals over a fixed period.

What's the difference between PV and FV?

Present Value is what future payments are worth today. Future Value is what payments grow to after earning interest.

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What is an annuity?: An annuity is a series of equal payments made at regular intervals over a fixed period.
What's the difference between PV and FV?: Present Value is what future payments are worth today. Future Value is what payments grow to after earning interest.