### Formula

FV

value of the annuity at time = n

A

value of initial payment paid at time 1

i

interest rate that would be compounded for each period of time

g

growing rate that would be compounded for each period of time

n

number of payment periods

FV

value of the annuity at time = n

A

value of initial payment paid at time 1

i

interest rate that would be compounded for each period of time

g

growing rate that would be compounded for each period of time

n

number of payment periods

Future value of an annuity (FVA) is the future value of a stream of payments (annuity), assuming the payments are invested at a given rate of interest.

A

i

g

n

FV

Precision

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