Asked by sami
help I don't understand the recursive formula
Answers
Answered by
drwls
Which recursive formula?
For what they are and how to use them, see
http://www.mathwords.com/r/recursive_formula.htm
For what they are and how to use them, see
http://www.mathwords.com/r/recursive_formula.htm
Answered by
sami
uo=100
un=un-1(1+.03/12)+100
the senerio is save 100 a month for 30 years interest rate 3% compounded monthly the teacher said the answer is 23,796 I can't get this to work
un=un-1(1+.03/12)+100
the senerio is save 100 a month for 30 years interest rate 3% compounded monthly the teacher said the answer is 23,796 I can't get this to work