Question
evaluate an ordinary annuity for
A=M [1 + r over n]^nt -1
____________
rn
For m,r,t $150;80%;40 year
Assume monthly payments round to the nearest cents.
Thank you for your help.
A=M [1 + r over n]^nt -1
____________
rn
For m,r,t $150;80%;40 year
Assume monthly payments round to the nearest cents.
Thank you for your help.
Answers
Steve
what, no calculator?
150((1+.8/1)^(40)-1)/(.80*1)
I'm assuming n=1, since you don't say...
you can figure the answer, but I seriously doubt there is an 80% annuity out there...
150((1+.8/1)^(40)-1)/(.80*1)
I'm assuming n=1, since you don't say...
you can figure the answer, but I seriously doubt there is an 80% annuity out there...
Mary Ann
thank you for your help Steve sorry if I put you out of your way.