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4. What is the periodic payment formula of an annuity?


Sagot :

Step-by-step explanation:

Periodic Payment when PV is known Pmt=PVA[1−1(1+i)Ni]

Periodic Payment when FV is known Pmt=FVA[(1+i)N−1i]

Number of Periods when PV is known N=−ln(1−PVAPmti)ln(1+i)

Number of Periods when FV is known N=ln(1+FVAPmti)ln(1+i)