What is the future value of an ordinary annuity if you deposit $500 per year for the

Question:

What is the of an ordinary if you deposit $500 per year for the next 10 years in an account that earns an interest rate of 13 percent annually?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...