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justsexxx

04-02-2008 05:53 AM

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?

Michael O

04-02-2008 06:05 AM

http://www.michaelo.dk/justsexxx.gif

r=interest
n=YY
Kslut=ZZZZ
Kbeg=XXX

Lonely immortal

04-02-2008 06:09 AM

you + company - skimming = screwed :)

Hope that enlightens you lol

qxm	04-02-2008 06:11 AM

lol good formulas............... a simple one >> I=Prt

bobby666

04-02-2008 09:05 AM

don forget:
-shaving = :(

Michaelious

04-02-2008 10:02 AM

10(yy)=zzzz-10(xxx)

tiger

04-02-2008 12:11 PM

Quote:

Originally Posted by qxm (Post 14018725)

lol good formulas............... a simple one >> I=Prt

That's simple interest.

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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