Tag Archives: Compound Interest

Geometric Series for Time Payments

Geometric Series for Time Payments

Time payments are calculated based on Geometric Series for reducible compound interests. Basically geometric series formula is used for handling this situation. Worked Examples of Geometric Series for Time Payments 1 John takes out a loan of \($100 000\) on 1st January 2001 for a home loan. Interest is charged at 12 % per annum […]