Future value: annuity versus annuity due
What's the future value of a 7 percent, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?© BrainMass Inc. brainmass.com March 4, 2021, 8:23 pm ad1c9bdddf
Future value of an annuity can be calculated using the FV of annuity formula. It is given as
FV = ...
The solution explains how to calculate the future value of an annuity