document.write( "Question 319724: My question is about an annuity. How do we solve the annuity formula for time? Now, scott8148 has been great with reversing a formula with logarithmic conversions, but this seems pretty complex.\r
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document.write( "The standard annuity formula reads as such:
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document.write( "This would answer the question, \"If some money is withdrawn from the principle every month for 20 years, how much could be withdrawn?\"\r
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document.write( "Fair enough, but what about a question such as, \"Jan wants to withdraw $800 every month until her account reaches zero. How long will it be before her account reaches zero?\" This is assuming that the amount withdrawn would be large enough to break past the interest and cut into the capital, of course.\r
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document.write( "Thanks so much for any reply,\r
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document.write( "Charlie Bass
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document.write( "Abilene, TX
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document.write( "cfbass@yahoo.com \n" );
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Algebra.Com's Answer #229144 by scott8148(6628) You can put this solution on YOUR website! You again, Charlie?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "multiplying by n/r ___ \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "multiplying by \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "subtracting \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "factoring ___ \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "dividing by \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "taking log ___ \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "dividing by \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "hope this works for you \n" ); document.write( " |