Pmt=FV[r(1+r)n−1]×1(1+r)
Pmt=53000000.0$[10.0%(1+10.0%)20.0−1]×1(1+10.0%)
Pmt=841236.47$
Future Value of Annuity
$841,236.47
Pmt=FV[r(1+r)n−1]×1(1+r)
Pmt=53000000.0$[10.0%(1+10.0%)20.0−1]×1(1+10.0%)
Pmt=841236.47$
Future Value of Annuity
$841,236.47