# Immediate / Ordinary Annuity Interest Rate Calculator

## Example of of Immediate / Ordinary Annuity Interest Rate Calculator

Suppose that p is 5, i is 8 and n is 3, then

Immediate Annuity = pi / ( 1 – ( 1 + i )-n ) = 5 / (1 – (1 + i) – n) = 1.940

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