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04-02-2008, 05:53 AM
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#1 |
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Too lazy to set a custom title
Join Date: Aug 2001
Location: The Netherlands
Posts: 13,723
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mathematics experts. Question
I pay XXX dollars a year. After 10(YY) years the total sum a company will pay me ZZZZ dollars. What again is the formula to calculate your interest?
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Questions? ICQ: 125184542 |
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04-02-2008, 06:05 AM
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#2 |
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More Cowbell
Industry Role:
Join Date: Jul 2001
Location: Nakhom Nowhere
Posts: 10,607
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 r=interest n=YY Kslut=ZZZZ Kbeg=XXX
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Truth Teller |
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04-02-2008, 06:09 AM
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#3 |
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Confirmed User
Join Date: Mar 2007
Location: here
Posts: 417
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you + company - skimming = screwed
 Hope that enlightens you lol
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Coming soon 
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04-02-2008, 06:11 AM
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#4 |
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Confirmed User
Join Date: Jul 2006
Location: NoHo
Posts: 5,970
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lol good formulas............... a simple one >> I=Prt
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 ICQ: 266990876
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04-02-2008, 09:05 AM
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#5 |
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boots are my religion
Join Date: Nov 2005
Location: Heart of europe
Posts: 21,765
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don forget:
-shaving = 
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04-02-2008, 10:02 AM
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#6 |
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Confirmed User
Join Date: Jan 2004
Location: Scotland
Posts: 6,720
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10(yy)=zzzz-10(xxx)
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04-02-2008, 12:11 PM
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#7 | |
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Confirmed User
Industry Role:
Join Date: Apr 2002
Location: Los Angeles
Posts: 6,986
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Quote:
This is compounding interest: P = C (1 + r/n) nt where P = future value C = initial deposit r = interest rate (expressed as a fraction: eg. 0.06) n = # of times per year interest in compounded t = number of years invested Change "t" for each payment and then add them all up to get the sum.
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