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Math Help - Application of G.P....again

  1. #1
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    Application of G.P....again

    Application of G.P....again-gp.png
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  2. #2
    Member jonah's Avatar
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    Re: Application of G.P....again

    My beer soaked opinion: It should be more like
    S=R*[(1+i )^5-1]/i*(1+i )
    where your L=R, and d/100=i
    Maybe you should change your textbook.
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  3. #3
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    Re: Application of G.P....again

    [QUOTE=jonah;825831]S=R*[(1+i )^5-1]/i*(1+i )
    where your L=R, and d/100=i

    why is that? I can't understand, can you explain more ?
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  4. #4
    Member jonah's Avatar
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    Re: Application of G.P....again

    Google "annuity due pdf".
    Example:
    https://www.google.com/url?sa=t&sour...2rijqwgHgnv1KQ
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