SOLUTION: Formulas
Future Value of an Annuity:
F=R*[(1+i)^n-1] divided by 1
F equals R cross times fraction numerator left square bracket left parenthesis 1 plus i right parenthesis
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-> SOLUTION: Formulas
Future Value of an Annuity:
F=R*[(1+i)^n-1] divided by 1
F equals R cross times fraction numerator left square bracket left parenthesis 1 plus i right parenthesis
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Question 1186139: Formulas
Future Value of an Annuity:
F=R*[(1+i)^n-1] divided by 1
F equals R cross times fraction numerator left square bracket left parenthesis 1 plus i right parenthesis to the power of n minus 1 right square bracket over denominator i end fraction
Sinking Fund:
R=F*(i/[(1+i)^n-1])
R equals F cross times left parenthesis fraction numerator i over denominator left square bracket left parenthesis 1 plus i right parenthesis to the power of n minus 1 right square bracket end fraction right parenthesis
Where
F = future value of the annuity
R = periodic payment
i = r/k
n = t*k
If Bob deposits . . . how much money will he have in the account in 8 years?
