An annuity is an total of loan repayment of an equal total paid out over a menses of time, in addition to consists of the involvement in addition to the installment.
Formula of Annuity Value
Information :
A = Annuity
C = First capital
i = Percentage of involvement per period
n = Period
Example Question of Formula of Annuity Value
Answer :
C = $ 5,000,000
n = ii years = 24 months
i = 2% / calendar month = 0.02 / month
So the annuity value of a loan of $ 5,000,000 over ii years alongside a 2%/month involvement charge per unit of measurement is $ 264,355.49.
Similarly this article.
Sorry if at that topographic point is a incorrect word.
The terminate of give-and-take wassalamualaikum wr. wb
Referensi :
- To'Ali's mass math grouping accounting in addition to sales