FVAEP (Future Value of the Annuity at End of the Period) = A * FVIFA
A = Principal Amount
Assume that Mr. Jai deposited Rs.1000 annually in a bank for a term of 5 years at the rate of 10%.
Then the value of the deposits after 5 years based on deferred annuity will be:-
FVAEP = Rs.1,000 (FVIFA)
Where rate is 10% and time 5 year