### Formula

A

value of initial payment paid at time 1

FV

value of the annuity at time = n

i

interest rate that would be compounded for each period of time

n

number of periods

A

value of initial payment paid at time 1

FV

value of the annuity at time = n

i

interest rate that would be compounded for each period of time

n

number of 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.

FV

i

n

A

Precision

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