Help . What is the future value of a 5 year annuity due that promises to pay you $300 each year ? Assume that all payments are reinvested at 7% a year , until year 5 .
Thanks again in advance...

annuity due means that you get paid at the beginning of each year . You have to find the accum.value ,which is 300*((1,07)^5-1 / 0.07/1.07)= 1845.987