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Re: [mg5059] Financial Problems
Posted:
Oct 25, 1996 10:19 PM


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



