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OpenStudy (anonymous):
Excel Finance Is there a way to do continuous interest for an annuity? The principle is $4,953.00, the rate is 4.75%, the time is 5 years, and the payment is $103, paid monthly.
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OpenStudy (mathstudent55):
That is the compound interest formula that uses the constant "e".
OpenStudy (anonymous):
Well, this is for an actual loan I have. I found everything and came up with a (r/c) interest rate, but when I put it up against the actual payments the interest rate is slightly different and I can't figure out why.
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