What’s the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this was an annuity due, what would its future value be

Ibrahimhamm

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2022-07-10

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What’s the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this was an annuity due, what would its future value be?

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Ibrahimhamm

2022-07-10

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FV=PMT×(1+r)n−1r=$300×(1+7%)5−17%=$1,725.22

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