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Manuals/calci/FVIFA
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Revision as of 22:05, 29 June 2018
54 bytes added
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22:05, 29 June 2018
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Line 1:
−
=
FV
(Rate,
PaymentPeriods
)
=
+
<div style
=
"font-size:30px">'''FVIFA
(Rate,
NumberOfPayments
)
'''</div><br/>
−
Where
Where
*<math>Rate</math> is the rate of interest per period,
*<math>Rate</math> is the rate of interest per period,
−
*<math>
PaymentPeriods
</math> is the total number of payment periods in an annuity,
+
*<math>
NumberOfPayments
</math> is the total number of payment periods in an annuity,
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== Description ==
== Description ==
−
FV
(Rate,
PaymentPeriods
)
+
FVIFA
(Rate,
NumberOfPayments
)
*For monthly payment, Rate should be divided by 12 (e.g. 10%/12) and PaymentPeroid should be multiplied by 12 (e.g. 4*12).
*For monthly payment, Rate should be divided by 12 (e.g. 10%/12) and PaymentPeroid should be multiplied by 12 (e.g. 4*12).
Devika
writer
6,694
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