Present Value of Ordinary Annuities
Tags: #EconomicsEquation
Latex Code
1 2 | P = R \frac{1 - (1+r)^{-n}}{i} \\R = P \frac{i}{1 - (1+r)^{-n}} |
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Introduction
Equation
Latex Code
1 2 | P = R \frac{1 - (1+r)^{-n}}{i} \\R = P \frac{i}{1 - (1+r)^{-n}} |
Explanation
Latex code for the Present Value of Ordinary Annuities. I will briefly introduce the notations in this formulation. The payment is made at the END of the period.
: Present Value
: Payment made in each period
: Rate per period, usually i=r/m
: Total number of times compounded, n=mt
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