Legal Assassin
New member
- Joined
- Aug 22, 2011
- Messages
- 2
Okay so I'm having issues with Annuity.
I'm going through the examples of my book and punching them into my calculator to see how they got the answer...
Well, the formula is:
A = P(1+i)^n
The question shows the work like this;
A = 1000(1.000 068 5)^365
A = 1000(1.025 317)
A = 1025.30
So when I put 1.000 068 5^365 it says "math error"
I tried a different number to see if it worked and well... it didn't... I used 3^3 which should be 27... and it gave the answer of 60.25661077
uhm so how do I do this in a different way without having to multiply it 365 times lol... or get my calculator to work properly :s
any help would be greatly appreciated
I'm going through the examples of my book and punching them into my calculator to see how they got the answer...
Well, the formula is:
A = P(1+i)^n
The question shows the work like this;
A = 1000(1.000 068 5)^365
A = 1000(1.025 317)
A = 1025.30
So when I put 1.000 068 5^365 it says "math error"
I tried a different number to see if it worked and well... it didn't... I used 3^3 which should be 27... and it gave the answer of 60.25661077
uhm so how do I do this in a different way without having to multiply it 365 times lol... or get my calculator to work properly :s
any help would be greatly appreciated