Question

I need a formula to compound sums with a constant increment. Similar to the compounded interest formula but not a rate. Please help.

Answer 1

\[F=\frac{ x[(1+i)^{n}-1] }{ i }\]

Answer 2

x is the principle, i is the increment and n is the number of times right?

Answer 3

that doesn't seem right

Answer 4

x ıs called the monthly or ınstalment you can say prıncıpal but thıs prıncıpal ıs specıally called the monthly payments

Answer 5

i may be inputting this incorrectly into my calculator though

Answer 6

yes it was my mistake. thank you for your help

Answer 7

okay