- #1
LordofDirT
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Annuity Equation "isolating n value" HELP!
[tex]R =\frac{Pi(1+i)^n}{(1+i)^n-1}[/tex]
1. I need to solve for n.
3. My Attempt:
[tex]R =\frac{Pi(1+i)^n}{(1+i)^n-1}\rightarrow -1 \cdot R = \frac{Pi(1+i)^n}{(1+i)^n} \cdot -1 [/tex]
Once I get here I'm left with:
[tex]-R =\frac{Pi(1+i)^n}{(1+i)^n}[/tex]
It seems like the quantities of [tex](1+i)^n[/tex] cancel so I'm left with:
[tex]R = Pi[/tex]
I know this isn't correct, and I've tried it many other ways with no luck.
Any help would be greatly appreciated!
[tex]R =\frac{Pi(1+i)^n}{(1+i)^n-1}[/tex]
1. I need to solve for n.
- n = number of years
- P = Investment
- R = Yearly Savings
- i = interest rate
3. My Attempt:
[tex]R =\frac{Pi(1+i)^n}{(1+i)^n-1}\rightarrow -1 \cdot R = \frac{Pi(1+i)^n}{(1+i)^n} \cdot -1 [/tex]
Once I get here I'm left with:
[tex]-R =\frac{Pi(1+i)^n}{(1+i)^n}[/tex]
It seems like the quantities of [tex](1+i)^n[/tex] cancel so I'm left with:
[tex]R = Pi[/tex]
I know this isn't correct, and I've tried it many other ways with no luck.
Any help would be greatly appreciated!
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