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September 22, 2014

September 22, 2014

Posted by **Andrew** on Sunday, March 3, 2013 at 8:57am.

- math -
**Dr. Jane**, Sunday, March 3, 2013 at 10:55amI have seen this posted a few times and no one has answered it. I know it is not amortization because that deals with reducing an amount of money like a mortgage. It is not present value because we are looking for an amount of money in the future.

It could be future value, but I am not sure because you aren't making monthly payments. It actually might be an ordinary annuity.

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