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    lilowa1966's Avatar
    lilowa1966 Posts: 1, Reputation: 1
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    #1

    Jan 10, 2012, 04:38 PM
    What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? I
    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's Avatar
    chanese1 Posts: 1, Reputation: 1
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    #2

    Apr 7, 2012, 11:44 PM
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    ajibolaoginni's Avatar
    ajibolaoginni Posts: 1, Reputation: 1
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    #3

    Jul 25, 2012, 09:28 PM
    S = R(((1 + I)n - 1) / I) *(1 + I)
    S = $1725 * 1.07
    S = $1846
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