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| In article <1187691335.294710.239140[at]w3g2000hsg.googlegroups.com> , djp997[at]yahoo.com wrote: - quote - > Help out please,If one would put amount of x every month into an
If the x is deposited at the beginning of each month and earns simple> investment with yearly interest of r (compounded at the end of the > year) how much it would amount to in N years? monthly interest until the end of the year, the amount of one year's payments at the end of that year will be 12x (1 + 6.5r/12). So the total amount at the end of year N will be : 12x (1 + 6.5r/12) ((1 + r)^N - 1)/r Regards, Geoff |
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| Help out please,If one would put amount of x every month into an investment with yearly interest of r (compounded at the end of the year) how much it would amount to in N years? |
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| amounts, investing, monthly |
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