Find the future value of an annuity due with an annual payme

Find the future value of an annuity due with an annual payment of $6,000 for 3 years at 3% interest.

$ .

(Round to the nearest cent as needed)

Thank you!

Solution

Plug into calculator:
Number of periods = 3.
Interest rate = 3%.
Payment = -6000
Present value = 0.
Beginning of period (annuity due).
Solve for future value and get 19,101.76