Hello Kerry, On 9/15/07, Kerry Thompson <[EMAIL PROTECTED]> wrote: > I'm ok with math, but it's not my strong suite. > > Does somebody have the compound interest formula, preferably in AS2 form? > > It comes in various forms. The one I need is, given an interest rate, a > period of time, and an end goal, what monthly payments do you need to make. > > In other words, assuming 8% annual return, and you want $1,000,000 in 25 > years, how much do you need to set aside each month?
Isn't this the same as amortization of debt? <http://en.wikipedia.org/wiki/Amortization_calculator> But please don't rely on me with this. Double check with existing examples, and be careful about how interest is payed (monthly? yearly? quarterly?). All I'm saying is, the formula /should/ be (roughly) identical. Best give it a shot, fill in your own numbers, and then ask your bank and see if they come up with the same result. It might be a month off, or a month's worth of interest, or I might be completely wrong... Mark _______________________________________________ Flashcoders@chattyfig.figleaf.com To change your subscription options or search the archive: http://chattyfig.figleaf.com/mailman/listinfo/flashcoders Brought to you by Fig Leaf Software Premier Authorized Adobe Consulting and Training http://www.figleaf.com http://training.figleaf.com
