Finance / July 9, 2018 / Alianna Dominguez
The future value of annuity due formula is used to calculate the ending value of a series of payments or cash flows where the first payment is received immediately. The first cash flow received immediately is what distinguishes an annuity due from an ordinary annuity. An annuity due is sometimes referred to as an immediate annuity.
Are there months when you feel like all your money goes to making payments on your debt? It sounds like you may have a high debt-to-income ratio (DTI) on your hands. The debt-to-income ratio is a number that expresses the relationship between your total monthly debt and your gross monthly income.
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