X hits on this document

Powerpoint document

Chapter 3 Mathematics of Finance - page 5 / 20

55 views

0 shares

0 downloads

0 comments

5 / 20

Barnett/Ziegler/Byleen Finite Mathematics 12e

5

Derivation of Short Cut Formula

We could proceed to calculate the next four payments and then simply find the total of the 8 payments. There are 8 payments since there will be 8 total withdrawals:

     (2 years) (four withdrawals per year) = 8 withdrawals.

This method is tedious and time consuming so we seek a short cut method.

Document info
Document views55
Page views55
Page last viewedMon Dec 05 14:05:31 UTC 2016
Pages20
Paragraphs127
Words1100

Comments