The Formula for the Future Value of an Ordinary Annuity $$F V _ { o } = C \times \left[ \frac { ( 1 + n ) ^ { i } - 1 } { i } \right]$$

True/False

The formula for the future value of an ordinary annuity of any amount is: $$F V _ { o } = C \times \left[ \frac { ( 1 + n ) ^ { i } - 1 } { i } \right]$$