Accounting Math:Annuities一問

2008-11-27 1:27 am
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?

回答 (1)

2008-11-27 5:33 pm
✔ 最佳答案
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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