Indicate which formula is correct to determine the future value of an annuity due.
A. FVAs  PMT  FVIFAi,n
B. FVAs  PMT  [FVIFAi,n  (1  i)]
C. FVAs  PMT  [FVIFAi,n/(1  i)]
D. FVAs  PMT  FVIFAi,n 1
Answer:B
Indicate which formula is correct to determine the future value of an annuity due.
A. FVAs  PMT  FVIFAi,n B. FVAs  PMT  [FVIFAi,n  (1  i)] C. FVAs  PMT  [FVIFAi,n/(1  i)] D. FVAs  PMT  FVIFAi,n 1