In my math class (Honors Advanced Functions and trigonometry), we were assigned to find the price of our dream house and then calculate the mortgage on it under various conditions using the formula:
A=R([1-[r/n]^nt]/[r/n])
Where A is the annuity, consisting of nt equal payments of R dollars each with an interest rate r, and n is the number of times per year that the payment is made.
It's the easiest and most practical project we've had all year in math, except for the price of dream house is being elusive.
Because I want to live in the trees, and apparently that is: priceless.
A=R([1-[r/n]^nt]/[r/n])
Where A is the annuity, consisting of nt equal payments of R dollars each with an interest rate r, and n is the number of times per year that the payment is made.
It's the easiest and most practical project we've had all year in math, except for the price of dream house is being elusive.
Because I want to live in the trees, and apparently that is: priceless.
cool! I want one, too!
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