Annuity tables are an integral part of financial planning as they help individuals and businesses decide how much money to invest in each installment to receive the maximum return for their investment. A standard annuity table shows the present value at a given interest rate for a set number of years. With modern technology, annuity tables now come in both printed form and digital form.

Annuity tables are important for those who want to save for retirement or other long-term goals. They help them plan out their expected future payments so that they can ensure they have enough money saved to make those payments when they are due. Annuity tables can also be used to calculate the amount of income tax one has to pay on certain investments—the longer the investment, the more income tax an individual will pay on it. Annuity tables are also used to value a company's annuity payments.

Annuity tables can be used to compare different annuity options. With annuity tables, an investor can come up with an idea of what type of annuity makes the most sense for them based on their age, the amount of money they wish to invest, the length of the annuity, and the desired number of payouts.

Annuity tables can also be used to determine the amount of money one needs to withdraw from a retirement account to maximize the amount of money they will accumulate. As the annuity payments are based on a set formula, it is important to understand how the formula works to determine a reasonable withdrawal rate.

In conclusion, annuity tables are extremely valuable tools for those who wish to save for retirement or other long-term goals. They are an integral part of financial planning. Knowing how to use an annuity table can help individuals and businesses make more informed decisions when it comes to investing their money and planning for their future.