Final Value Of Rente Ship Service Numerando

Rente post service numerando is the rent paid at the terminate of the period, as well as then the lastly installment is non dependent plain to interest.

Formula of Rente Post Numerando

Information :
FS = Final Value
C = Capital at the get-go of the period
i = Percentage of involvement per period
n = Period period

Example Question of Rente Post Numerando

At the terminate of each twelvemonth my virile someone nurture kept his coin inwards the ABC depository fiscal establishment for $800,000 for 25 years. If the depository fiscal establishment earns 5% interest/years, produce upwards one's heed the full total of Dad's deposits!

Answer:
C = $800,000
i = 5%/year = 0.05/year
n = 25 years

So the full total of Father's savings is $38,181,679.05.

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The terminate of discussion wassalamualaikum wr. wb

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