**Question description:**

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If you invest $50 at the start of every year at 4% compounded annually, what is the value of the annuity at the end of 20 days?

Solved by A. W. in 20 mins

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Excelchat Expert
19/07/2018 - 11:52

Hello, I hope you are having a good day. I am here to help with your question.

Excelchat Expert
19/07/2018 - 11:53

so just to clarify

Excelchat Expert
19/07/2018 - 11:53

did you mean If you invest $50 at the start of every year at 4% compounded annually, what is the value of the annuity at the end of 20 years?

Excelchat Expert
19/07/2018 - 11:54

Are you with me?

Excelchat Expert
19/07/2018 - 11:57

you calculate the final value using the formula for Future value

Excelchat Expert
19/07/2018 - 11:58

the formula is =FY(rate, number of periods, payment per period, present value, 0 - for end of the period 1 for beginning of the period

Excelchat Expert
19/07/2018 - 11:59

the value is calculated in B5

Excelchat Expert
19/07/2018 - 11:59

Are you with me?

Excelchat Expert
19/07/2018 - 11:59

In case you are experiencing technical difficulties, this chart will be available for you for your reference.

Excelchat Expert
19/07/2018 - 12:00

I hope I answered your question satisfactorily.

Excelchat Expert
19/07/2018 - 12:00

Have a fantastic day :)

Excelchat Expert
19/07/2018 - 12:02

they payment at beginning of the period is calculated in cell B7

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