Finding the Explict Formula

[kingly]

Can someone help me with question 6. I am stuck

 

[HallsofIvy]

Since you are asking about part 6, "find an explicit formula", can we assume you have already done part 4, "find a recursive formula"? If so what is that recursive formula? How you do part 6 will depend heavily upon that!

 

[JeffM]

What was your answer to question 4?

 

[Eugenio]

The Annuity Formula for the Present and Future Value of Annuities

These formulas can show you how to calculate the present value and future value of ordinary annuities and annuities due. That info can aid your financial planning.

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