. Suppose that one has a present loan of $1,000 and desires to determine what equivalent uniform EOY payments, A, could be obtained from it for 10 years if the nominal interest rate is 20% compounded continuously (M =o) A = P(A/P, r%, N) • Since the (A/P)

匿名用户最后更新于 2021-11-29 14:46 经济Economics

. Suppose that one has a present loan of $1,000 and desires to determine what equivalent uniform EOY payments, A, could be obtained from it for 10 years if the nominal interest rate is 20% compounded continuously (M =o) A = P(A/P, r%, N) • Since the (A/P) factor is not tabled for continuous compounding, we substitute its inverse (P/A), which is tabled in Appendix D. Thus, • Note that the answer to the same problem, with discrete annual compounding (M = 1), is:

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. Suppose that one has a present loan of $1,000 and desires to determine what equivalent uniform EOY payments, A, could be obtained from it for 10 years if the nominal interest rate is 20% compounded continuously (M =o) A = P(A/P, r%, N) • Since the (A/P)

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