Similar to the future value, the present value calculation for an annuity due also considers the earlier receipt of payments compared to ordinary annuities. This reduces the present value needed ...

PV, or present value, is the value of future annuity payments you’ll receive, in today’s dollars. FV, or future value, is what your annuity will be worth after you’ve made your payments.

The future value should be worth more than the present value since it’s earning interest and growing over time. Ordinary annuity vs. annuity due: What’s the difference?