The future value of an annuity due
Rate of interest when FV is known: r = FV/CV − 1 n. Term of maturity when FV is known: n = FV/CV − 1 Future value of an annuity due: FVd = A. [. (1 + r)n − 1. An annuity due is similar to a regular annuity, except that the first cash flow occurs immediately (at period 0). Example 2 — Present Value of Annuities. Suppose