Accounting Math:Annuities一問

個問題係咁既

a wealthy benefactor has donated $1,000,000 to establish a perpetuity that will be used to support the operating costs of a local heritage museum to open in three years' time. If the funds earn 4.8% compounded monthly, what monthly payments, the first occurring three years from now, can the museum expect?

已知道正確答案是Pmt=4599.81

但係過程中我輸入了

n=999

i/y=4.8

p/y=1

c/y=12

fv=0

pv=1000000

但係得出來既答案不一,到底哪裡出錯了呢?

1 Answer

Rating
  • jack
    Lv 7
    1 decade ago
    Favorite Answer

    Try:

    i/y = ( 4.8% / 12 ) instead, and

    c/y = 36 instead

    Hope can help you.

    2008-11-27 16:47:13 補充:

    4.8% compounded = (4.8% / 12) every month.

    Calculate the interest every month instead of annually.

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