solve the interest of the annuity problem


by mehere
Tags: annuity, solve
mehere
mehere is offline
#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
Phys.Org News Partner Science news on Phys.org
SensaBubble: It's a bubble, but not as we know it (w/ video)
The hemihelix: Scientists discover a new shape using rubber bands (w/ video)
Microbes provide insights into evolution of human language

Register to reply

Related Discussions
Problem Solving Interest Precalculus Mathematics Homework 4
Compound Interest / Annuities problem Precalculus Mathematics Homework 1
Interest problem Calculus & Beyond Homework 1
Interest rate, Differential Eq problem. Calculus & Beyond Homework 6