Future Value Of an Ordinary Annuity
![S=R[\frac{(1+i)^{n}-1}{i}]](https://mymathangels.com/wp-content/ql-cache/quicklatex.com-c93ef1ac216cea503210962a49f9a309_l3.png "Rendered by QuickLaTeX.com")
Where
S is the future value;
R is the payment;
i is the interest rate per period;
n is the number of periods.
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