Symbols Used

[latex]C/Y[/latex] = compounding frequency

[latex]i[/latex] = periodic interest rate

[latex]N[/latex] = number of annuity payments

[latex]PMT[/latex] = annuity payment amount

[latex]PV_{Ord}[/latex] = present value of an ordinary annuity

[latex]P/Y[/latex] = payment frequency

Formulas Introduced

No new formulas are introduced