Present Worth (P,F,i,N)
v0.0.1
Thinking...
Given Information
P = $1000
F = unknown
i = 5%
N = 10
F = unknown
i = 5%
N = 10
Solution
(F/P,i%,N) = P * (1+i)N
F = $1628.895
Summary
Total Payments = $16288.95
Total interest = $15288.95
Total interest = $15288.95