J
Joe B.
Does anyone have a formula that will figure the Future Value of an investment
where the payments are steadily increasing each period?
For Example:
An investment offers an 8% annual yield over a 10 year period. I would like
to pay $1000 the first year and then increase my payment by 3% each year to
year 10. I know I can do it with a For loop, but is there a simple formula
to use for this?
Any help is greatly appreciated.
where the payments are steadily increasing each period?
For Example:
An investment offers an 8% annual yield over a 10 year period. I would like
to pay $1000 the first year and then increase my payment by 3% each year to
year 10. I know I can do it with a For loop, but is there a simple formula
to use for this?
Any help is greatly appreciated.
