Find the amount of the annuity due. Round to the nearest cent.

Amount of Each Deposit: $515

Deposited: Monthly

Rate Per Year: 18%

Number of Years: 2

Respuesta :

FVAD=515[((1+0.18/12)^(12*2)-1)/(0.18/12)]*(1+0.18/12)
FVAD=14967.46