Excerpt from Term Paper:

...... The Future Value on an Annuity represents the actual value of money in the years to come, based on the fact that the final amount of money is achieved after yearly deposits (annuities). For instance, an individual desires to open a savings account within a commercial bank and his annuities are of $15,000. After 10 years, and with an interest rate of 10%, the future value of the annuity will be of $165,000 ($150,000 deposits and $15,000 from interest rates)
The Perpetuity is generally perceived as an annuity of indefinite time period. Since most financial instruments have a specified end, this concept applies to investments that generate some form of (relatively) consistent cash flow; an example may be a rental property. The value of a Certificate of Deposit (CD or GIC) with a fixed term will be determined assuming it is reinvested at its maturity.[5]
3. Financial implications of TVM
Based on approximate calculi of future values of the money, the population will regulate their investments in order to achieve significant profits. Their actions will have numerous influences upon various work domains and industries suck as banking, insurance industry, governmental actions or retirement plans......

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