Register to reply

Solve the interest of the annuity problem

by mehere
Tags: annuity, solve
Share this thread:
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
Scientists develop 'electronic nose' for rapid detection of C. diff infection
Why plants in the office make us more productive
Tesla Motors dealing as states play factory poker

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