What is the formula for the future value of an ordinary annuity ?
A) $ C \times\left[\frac{(1+i)^{n}-1}{i}\right] $

B)$ \frac{C \times\left\{1-\left[1 /(1-i)^{n}\right]\right\}}{i} $

C)$ \frac{C \times\left\{1-\left[1 /(1+i)^{n-1}\right]+1\right\}}{i} $

D) $ C \times\left[\frac{(1+i)^{n}}{i}\right] $

Question

What is the formula for the future value of an ordinary annuity ? 
A) $ C \times\left[\frac{(1+i)^{n}-1}{i}\right] $

B)$ \frac{C \times\left\{1-\left[1 /(1-i)^{n}\right]\right\}}{i} $

C)$ \frac{C \times\left\{1-\left[1 /(1+i)^{n-1}\right]+1\right\}}{i} $

D) $ C \times\left[\frac{(1+i)^{n}}{i}\right] $

Quizplus · Accepted Answer

The formula for the future value of an ordinary annuity is $ C \times\left[\frac{(1+i)^{n}-1}{i}\right] $, where $C$ is the cash flow per period, $i$ is the interest rate per period, and $n$ is the number of periods.

What Is the Formula for the Future Value of an Ordinary