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What is the future value of an ordinary annuity that pays $15,000 per year at the end of each of the next 25 years, given the investment is expected to earn a 6% rate of return?
fv.annuity(r=0.06, n=25, pmt=-15000, type=0)
[1] 822968
What is the future value of an annuity that pays $10,000 per year at the beginning of each of the next three years, commencing today, if the cash flows can be invested at an annual rate of 5%?