a "Assume that you plan to buy a condo 5 years from now, and you estimate that you can save $2,500 per year. You plan to deposit the money in a bank account that pays 4% interest, and you will make the first deposit at the end of the year. How much will you have after 5 years?" The above situation is related Future Value of an "Annuity Due" or Future Value of an "Ordinary Annuity" ? Future Value of an "Annuity Due" Future Value of an "Ordinary Annuity