(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

Using the following savings formula, where d is a uniform deposit, i= (interest rate)/(# times compounded per year), n is the total times compounded.

As I understand it, this formula will tell me how much I will have after depositing a certain amount of money per compounding period given an interest rate and time.

How can I take into account the situation where I start off by depositing a large sum like $5000, and then make uniform deposit during every compounding period?

2. Relevant equations

I am using the savings formula,

[tex]A=d(\frac{(1+i)^n-1}{i})[/tex]

3. The attempt at a solution

**Physics Forums | Science Articles, Homework Help, Discussion**

Dismiss Notice

Join Physics Forums Today!

The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

# Homework Help: Interest Formula

**Physics Forums | Science Articles, Homework Help, Discussion**