Annuity Value
An annuity is an amount of loan repayment of an equal amount paid out over a period of time, and consists of the interest and the installment.
Information :
A = Annuity
C = First capital
i = Percentage of interest per period
n = Period
Determine the annuity value of a loan of $ 5,000,000 over 2years with a 2%/month interest rate!
Answer :
C = $ 5,000,000
n = 2 years = 24 months
i = 2% / month = 0.02 / month
So the annuity value of a loan of $ 5,000,000 over 2 years with a 2%/month interest rate is $ 264,355.49.
Similarly this article.
Sorry if there is a wrong word.
The end of word wassalamualaikum wr. wb
Referensi :
Formula of Annuity Value
Information :
A = Annuity
C = First capital
i = Percentage of interest per period
n = Period
Example Question of Formula of Annuity Value
Answer :
C = $ 5,000,000
n = 2 years = 24 months
i = 2% / month = 0.02 / month
So the annuity value of a loan of $ 5,000,000 over 2 years with a 2%/month interest rate is $ 264,355.49.
Similarly this article.
Sorry if there is a wrong word.
The end of word wassalamualaikum wr. wb
Referensi :
- To'Ali's book math group accounting and sales
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