Future value of Ordinary Annuity

CA Foundation · Quantitative Aptitude · MTP · June 2024
Future value of Ordinary Annuity
(A) A. A(n, i) = A (1+i) n - 1 / i
(B) B. A(n, i) = A (1+i) n + 1 / i
(C) C. A(n, i) = A 1 - (1+i) -n / i
(D) D. A(n, i) = A (1+i) n - 1 / i(1+i) n

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. A(n, i) = A (1+i) n - 1 / i

Topics: Part-A: Business Mathematics

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