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No. of Recommendations: 14

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)]


You weren't kidding about how this equation looks! Thanks for finding this for me...I was able to get the information I needed from the website listed in the first response to my question, so no need for me to e-mail you my figures--it would have been nice to work through the equation myself though.

Guess I need to get a more powerful calculator...maybe I'll press my sock puppets to start producing more lint so that I can sell it to raise funds.

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