Problem …final value of an annuity?
You get 8 monthly payments of $650 starring one month from now, at 10% interest rate compounded monthly.
using : A=R((1+i)^n-1 / i
final value of an annuity?
06
Jun
Problem …final value of an annuity?
You get 8 monthly payments of $650 starring one month from now, at 10% interest rate compounded monthly.
using : A=R((1+i)^n-1 / i
Sean H
June 6, 2010 at 4:04 am
Well R is $650, i is .1 (for 10% interest), and n is 8. Plug it into a calculator.