Calculate the value of the annuity at t 25 using the


This is my excel assignment, 

Problem:

$1 is paid at the end of every year for 50 years. Assume an interest rate of 5% unless otherwise noted.

1. Calculate the value of the annuity at t = 25 using the following methods:

a. Sum up the value of each individual payment

b. Use the annuity formulas

c. Use the excel formulas

I have lack of understanding how to find the values when the time is specific as the problem has t=25.

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Financial Management: Calculate the value of the annuity at t 25 using the
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