what is the formula for compound interest with yearly or monthly additions to calc a pension plan value at retirement and what is the formula for the drawdown after retirement with no input and only interest...this is not an academic question about math...if you have a site that i could input information i'd be happy...thanks ahead of time
2006-11-10 10:44:47 · 3 answers · asked by Ford Prefect 7 in Science & Mathematics ➔ Mathematics
the formula for compound interest yearly is
A=P(1+r/n)^(rn)
where
A=final amount
P=Initial amount
r=rate in deciamals
n=number of times coumponded yearly
Montly=12,quartely=4,daily=365.....
2006-11-10 10:49:47 · answer #1 · answered by Jose G D 2 · 0⤊ 0⤋
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2006-11-10 19:49:06 · answer #2 · answered by Allen 2 · 0⤊ 0⤋
i dont understand the question
2006-11-10 18:48:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋