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Re: Financial Problems

• To: mathgroup at smc.vnet.net
• Subject: [mg5063] Re: [mg5059] Financial Problems
• From: Sherman Reed <Sherman.Reed at worldnet.att.net>
• Date: Fri, 25 Oct 1996 22:48:05 -0400
• Sender: owner-wri-mathgroup at wolfram.com

At 05:38 AM 10/23/96 +0000, you wrote:
>I have the student version of mathematica and the book"Mathematica by
>Example" which shows compoud interest etc. But I don't think any of the
>packages has functions for future of present value. Does anyone know
>anything about this?
>
Clarice,

I have the 1992 version of "Mathematica by Example"

page 210 shows a formula for the following.  If P dollars are invested for t
years

at an annual interest rate of r% compounded m times per year, the compounded 
amount, A(t) = P(1 + r/m)^mt.  sounds like future worth to me.  Examples follow 

on pages 211 to 227.

hope that helps.

Sherman C. Reed