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    Future Value of Annuity versus Annuity Due

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    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 June 3, 2020, 9:04 pm ad1c9bdddf
    https://brainmass.com/business/annuity/future-value-annuity-164931

    Solution Preview

    Future value of an annuity can be calculated using the FV of annuity formula. It is given as

    FV = ...

    Solution Summary

    The solution explains how to calculate the future value of an annuity

    $2.19

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