Long description
| A | B | |
|---|---|---|
| 1 | Future Value of an annuity due. | |
| 2 | Annual annuity payment | negative 1,000 dollars |
| 3 | Annual rate of interest | 7 percent |
| 4 | Number of years | 5 |
| 5 | Future value | 6,153.29 dollars |
| Entry in Cell B5 is equal to sign FV(B3,B4,B2,0,1). The minus sign appears before the 1,000 dollars in B2 because the annuity's payments are cash outflows. |
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