Sunday, January 17, 2010

Annuity Due Formula Need Help With Future Value Of The Annuity Due!?

Need help with future Value of the annuity due!? - annuity due formula

I really need help with this problem. I worked for hours and can not be resolved at all. The examples in the math book does not contribute at all.

Find the future value (FV of rent) due. (Round your answer to the nearest cent).
$ 160 monthly payment, 6.5% interest, 13
If you could me the formulas and how it would be great! Thank you very much.

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