Investment 500

Frequency monthly
Time in yrs 5
Time in months 60
Rate p.a 12%
Rate per month 1%
Annuity is paid at end of each month

Month Investment/month Time of each annuity F.V of each annuity

1 500 59 899.354801269352
2 500 58 890.450298286487
3 500 57 881.633958699492
4 500 56 872.904909603458
5 500 55 864.262286736097
6 500 54 855.705234392175
7 500 53 847.232905338787
8 500 52 838.844460731472
9 500 51 830.539070031161
10 500 50 822.315910921942
11 500 49 814.174169229645
12 500 48 806.113038841233
13 500 47 798.131721624983
14 500 46 790.229427351468
15 500 45 782.405373615315
16 500 44 774.658785757738
17 500 43 766.988896789839
18 500 42 759.394947316672
19 500 41 751.876185462052
20 500 40 744.431866794111
21 500 39 737.061254251595
22 500 38 729.763618070886
23 500 37 722.538235713748
24 500 36 715.384391795791
25 500 35 708.301378015634
26 500 34 701.288493084786
27 500 33 694.345042658204
28 500 32 687.470339265549
29 500 31 680.663702243118
30 500 30 673.924457666453
31 500 29 667.251938283617
32 500 28 660.645483449126
33 500 27 654.10443905854
34 500 26 647.628157483703
35 500 25 641.215997508617
36 500 24 634.867324265957
37 500 23 628.581509174215
38 500 22 622.357929875461
 39 500 21 616.195970173723
40 500 20 610.095019973984
41 500 19 604.054475221766
42 500 18 598.073737843333
43 500 17 592.152215686468
44 500 16 586.289322461849
45 500 15 580.484477684999
46 500 14 574.737106618811
47 500 13 569.046640216645
48 500 12 563.412515065985
49 500 11 557.834173332658
50 500 10 552.311062705602
51 500 9 546.84263634218
52 500 8 541.42835281404
53 500 7 536.067676053505
54 500 6 530.7600753005
55 500 5 525.50502505
56 500 4 520.302005
57 500 3 515.1505
58 500 2 510.05
59 500 1 505
60 500 0 500

Final Value of investing 500 per month for 5 years @ 8% p.a 40834.8349282045

Verification through excel formula

Future value formula in excel = FV(rate,nper,pmt,[pv],[type])

rate Rate of investment per period

nper no. of periods
pmt principal amount/annuity amount
pv present value (optional)
type 0 = annuity present
1= annuity due

= =FV(1%,60,500,0,0)
= ₹ 40,834.83