Skip to main content
No. of Recommendations: 0

This is the closest formula I could get from my Canadian Financial Planning Institute and it doesn't cover a lump sum to start. As I said it's convoluted:

Future Value of an Annuity Due

FV = (1+ (I/YR*P/YR))xPMTx [((1+(I/YR * P/YR))^N - 1) * (I/YR * P/YR)]

P/YR = # of compounding periods and payments per year
N = # of compounding or discounting periods and payments
I/YR = nominal annual interest rate
PV = Present Value
FV = Future Value
PMT = Payment
* = divided by here (because of use of "/"in abbreviations)
^N = the power of "N"

If you're comfortable with it you could e-mail one of us, with access to a financial calculator, your proposed figures and we could calculate it for you.


Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.