S=R[(1+i)^n-1)/i]
S=R[(1+i)^n-1]/i
M=P(1+i)^n
M = p(1+i)^n
The only part of this type of calculation that needs particular
care is that concerning the interest rate. The formula assumes that
r is a proportion, and so, in this case:
r = 0.08
In addition, we have P = 5,000 and n = 5, so:
V = P(1 + r)5 = 5,000 x (1 + 0.08)5 = 5,000 x 1.469328 = 7,346.64
Thus the value of the investment will be 7,346.64
A=R[(1+i)^n-1]/i(1+i)^n
A=R[(1+i)^n-1]/i(1+i)^n
R=S[i/(1+i)^n-1]
R=S[i/(1+i)^n-1]
0.014*8431.10
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