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Solve the interest of the annuity problem

by mehere
Tags: annuity, solve
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mehere
#1
Feb5-11, 06:44 AM
P: 1
just curious about the formula of time value of money i.e.

FV=PV(1+I)^N+PMT*( (1+I)^N-1 )/I

how to solve I given FV,PV,N and PMT ?

(the financial calculator has this function and anyone knows how it computes?
any kind of solution is welcome. I'd like to write codes to solve it if there is any algorithm)

thanks in advance
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