Recent content by NameIsUnique

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    Undergrad How do you calculate annuity payments with a 5% increment each year?

    Nvm I get it.
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    Undergrad How do you calculate annuity payments with a 5% increment each year?

    I just plugged it in year one I think I'm doing it wrong. 1.5 billion = (1.05) ^ (1-1) * a1 and I solve for a1? It seems like I get 1.5 billion
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    Undergrad How do you calculate annuity payments with a 5% increment each year?

    Thanks a lot!
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    Undergrad How do you calculate annuity payments with a 5% increment each year?

    Increasing. Year 1 = x Year 2 = x +(x* 0.05) and keeps incrementing until 1.5 billion
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    Undergrad How do you calculate annuity payments with a 5% increment each year?

    So, unless you've been living under a rock, you should know the jackpot for the powerball is at 1.5 billion dollars. I was looking up the distribution of annuity payments and the website said that the payments are not equally distributed. They are incremented by 5% each year. Like the nerd I...
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    High School Summation Formula for Adding by 3's: n(2n+1)/3

    I know n(n+1)/2 solves from 1... n by 1's Is there a formula where you can add up by 3's? Example: 3 + 6 + 9 + 12 ... n