What is the formula to compute the annual payment a

Assignment Help Electrical Engineering

Reference no: EM13259512

Economic formulas are available to compute annual payments for loans. Suppose that you borrow an amount of money P and agree to repay it in n annual payments at an interest rate of i. The formula to compute the annual payment A is:

A=P*[(i(1+i)^n)/((1+i)-1]

Write an M-file to compute A. Test it with P=$100,00 and an interest rate of 3.3%(i=0.033). Compute results for n=1,2,3,4 and 5 and display the results as a table with headings and columns for n and A.

Reference no: EM13259512

Questions Cloud

Calculate the current price of the bonds : Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:

Recorded value of a note : If the recorded value of a note differs from the face value:

How much heat flows between the gas and the heat reservoir : An ideal gas is in contact with a heat reservoir to that it remains at a constant temperature of 300.0 K. How much heat flows between the gas and the heat reservoir

Determine basic earrings per share of common stock : A) calucate the basic earrings per share of common stock for the year ended Jan 31,2011

What is the formula to compute the annual payment a : Economic formulas are available to compute annual payments for loans. Suppose that you borrow an amount of money P and agree to repay it in n annual payments at an interest rate of i. The formula to compute the annual payment A is

Prepare ingood form a statement of revenues : Prepare ingood form (proper heading, etc.) a statement of revenues,expenditures, and changes in fund balance for this fund for20X9.

Describe the types of questions : Describe the types of questions that you asked yourself to ensure that you used critical thinking in your research and analysis of the problem.

Calculate the change of volume of the gas in this process : If 1.00 mol of oxygen is heated at constant pressure of 1.00 atm from 10.0?C to 25.0?C. What is the change of volume of the gas in this process

Define neutralize the excess and unreacted hcl : A 0.2527-g sample of a mixture of Mg(OH)2 and Al(OH)3 was treated with 50.00 mL of 0.225 mol L^-1 HCl(aq). The resulting solution required 13.73 mL of 0.176 mol L^-1 NaOH(aq) to neutralize the excess, unreacted HCl. What was the percentage by mass..

User Account

All Pages