TVM54 - Future Value of an Annuity Due Previous TVM Home Next tvm54 - Future Value of an Annuity Due from Richard Campbell Audio Transcript If $12,000 is deposited annually starting on January 1, 2019 and it earns 9.5%, what will the balance be on December 31, 2026? Compute the future value of an annuity due. Enter the known variables.The payment, PMT, is -$12,000.The rate is 9.5%.The number of periods, NPER, is 8.The Type = 1, since payment is at the beginning of the yearWe go to the Formulas tab and look for the FV function.We click on PMT,We click on rate,We click on NPER.Click on TYPEClick OKThe future value, FV, is $147,565.