Capital-recovery factor (CRF) calculator

This factor converts initial capital into an equivalent uniform annual cost over the selected life and required return.

\mathrm{CRF} = \frac{i \times \left(1 + i\right)^{n}}{\left(1 + i\right)^{n} - 1}

Calculator

Enter the values you know and leave one box empty. Calculate finds the empty one, the result or any input.

Given

\mathrm{CRF} = \frac{0.11 \times \left(1 + 0.11\right)^{12}}{\left(1 + 0.11\right)^{12} - 1} \approx 0.154

Symbol	Meaning	Unit
$\mathrm{CRF}$	A/P capital-recovery factor	1/yr
$i$	annual required return as a fraction	fraction
$n$	analysis life	yr

Results are estimates for study and screening. Check the inputs, units and assumptions before you use them for design, billing or contract decisions.