What is the future value of a 5-year annuity due that promises to pay you 300 each year The interest rate is 7 percent?

Edward M. Melomey (F/A,i,n); F=? , A=300, i=7%, n=5 F={A(1+i) n 1}/ I F={300(1+0.07) 5 1}/0.07 F 1725.2 where F- future value A-Annuity i-interest n-period of payment.

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