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Computing the number of periods in an annuity

Felix edited this page Jun 6, 2014 · 1 revision

How many $1000 end-of-year payments are required to accumulate $10,000 if the discount rate is 9%?

n.period(r = 0.09, pv = 0, fv = 10000, pmt = -1000, type = 0)
[1] 7.448