## Present Value Of Annuity Due

The formula for the present value of an annuity due, sometimes referred to as an immediate annuity, is used to calculate a series of periodic payments, or cash flows, that start immediately.

## $$p+p\left[\frac{1-(1+r{)}^{-(n-1)}}{r}\right]$$

HERE,p=periodic payment,r=rate per period,n=number of periods.

ENTER THE VARIABLES TO BE USED IN THE FORMULA