Saturday

November 22, 2014

November 22, 2014

Posted by **Greg** on Wednesday, July 24, 2013 at 6:33am.

- Finite Math -
**Graham**, Wednesday, July 24, 2013 at 10:27amThe amount at period n is the amount at period n-1 plus interest earned on that plus the periodic payment.

x[n] = x[n-1](1 + I) + P

x[n] = x[n-2](1+I)^2 +((1+I)^2 -1)P/I

x[n] = x[n-3](1+I)^3 +((1+I)^3 -1)P/I

...and so on...

x[n] = x[0](1+I)^n + ((1+I)^n -1)P/I

**Answer this Question**

**Related Questions**

Finite Math - The amount desired in a sinking fund is given. Find the periodic ...

math - Find the amount accumulated future value in the sinking fund if $1,200 is...

MATH HELP - Find the periodic payments necessary to accumulate $20,000 in a ...

Finite Math - The amount (future value) of an ordinary annuity is given. Find ...

Finite Math - The amount (future value) of an ordinary annuity is given. Find ...

MATH - Find the amount accumulated in the sinking fund if $350 is deposited ...

MATH - Find the amount accumulated in the sinking fund if $1600 is deposited ...

MATH - Find the amount accumulated in the sinking fund if $1600 is deposited ...

MATH - Find the amount accumulated in the sinking fund if $1600 is deposited ...

math - Find the amount accumulated in the sinking fund if $200 is deposited ...