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