The following formulas are for an ordinary annuity.
2.
This formula gives the future value ( FV ) of an ordinary annuity ( assuming compound interest ):
3.
If you want the answer for the Present Value of an annuity due simply multiply the PV of an ordinary annuity by ( 1 + " i " ).
4.
An annuity-due with n payments is the sum of one annuity payment now and an ordinary annuity with one payment less, and also equal, with a time shift, to an ordinary annuity.
5.
An annuity-due with n payments is the sum of one annuity payment now and an ordinary annuity with one payment less, and also equal, with a time shift, to an ordinary annuity.
6.
For calculations involving annuities, you must decide whether the payments are made at the end of each period ( known as an ordinary annuity ), or at the beginning of each period ( known as an annuity due ).
Meaning
an annuity paid in a series of more or less equal payments at the end of equally spaced periods
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