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View Full Version : What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? I

lilowa1966
Jan 10, 2012, 04:38 PM
What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?
chanese1
Apr 7, 2012, 11:44 PM
Lk
ajibolaoginni
Jul 25, 2012, 09:28 PM
S = R(((1 + I)n - 1) / I) *(1 + I)
S = $1725 * 1.07
S = $1846