Future Value of an Annuity

Calculate the future value.

a$.$ Determine the annuity type.

Ordinary Simple Annuity

Ordinary General Annuity

Simple Annuity Due

General Annuity Due

b$.$ Identify the following pieces of information to be used to calculate the future value of the annuity.

Periodic Payment: $PMT=$

Number of Payments per Year: $PY=$

Total Number of Payments: $N=$

Annual Interest Rate: $r=$

Number of Compoundings per Year: $CY=$

c$.$ Determine the future value of the annuity.