# SOLUTION: Please help! \$1500 deposited at the beginning of each year for 15 years at 5% compounded annually. Find the future value of the annuity due.

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 Question 581412: Please help! \$1500 deposited at the beginning of each year for 15 years at 5% compounded annually. Find the future value of the annuity due.Answer by rfer(12647)   (Show Source): You can put this solution on YOUR website!FV=(P((1+i)^n-1))/(i)(1-i) FV=(1500((1.05)^15-1)/(0.05)(0.95) FV=(1500((2.079)-1)/(0.05)(0.95) FV=1500*1.079)/(0.05)(0.95) FV=1618.50/0.05(0.95) FV=32370(0.95) FV=\$30,751.50