#1630 · Algebra · Sequences & series

Amount of an Annuity

Find the amount of an annuity of $£100$ in $20$ years, allowing compound interest at $4 \frac{1}{2}$ per cent. Given $lo g 1.045 = 0.0191163$ , $lo g 24.117 = 1.3823260$ .

~10 minAnswer checked instantlycompound interestannuitylogarithms

H. S. Hall & S. R. Knight, Higher Algebra (1891) · Ch. XVIII. Interest and Annuities, Examples XVIII.b, No. 2

Stuck? A gentle nudge

Something off?

Workspace

Your answer

Loading the math keyboard…

Type naturally — sqrt, pi, / and ^ become notation. Any equivalent form is accepted. Press Enter to check.

Checked against the answer in H. S. Hall & S. R. Knight, Higher Algebra (1891).