Accumulated value of an annuity certain

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Accumulated Value of an Annuity Certain

Formula for annuity certain is ((1+j%/12)^60-1)/(j%/12)=66.67.... but no software can apparently solve this!

An accumulated value of an annuity certain with n=60, and interest = j%/12, is equal to=66.67....... Calculate j%/12.

Reference no: EM13763902

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Accumulated value of an annuity certain : Accumulated Value of an Annuity Certain. Formula for annuity certain is ((1+j%/12)^60-1)/(j%/12)=66.67.... but no software can apparently solve this! An accumulated value of an annuity certain with n=60, and interest = j%/12, is equal to=66.67.........

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