Periodic payment amount(given felix`s corollary to the Rule of 72 and number of payments)

Formula

Periodic payment amount(given felix`s corollary to the Rule of 72 and number of payments) formula
P
periodic payment amount
T
total ending balance
N
number of payments

Formula description

In finance, the rule of 72, the rule of 70 and the rule of 69 are methods for estimating an investment's doubling time. Felix's Corollary provides a method of approximating the future value of an annuity (a series of regular payments), using the same principles as the Rule of 72.

Calculator (how to use calculator?)

Periodic payment amount(given felix`s corollary to the Rule of 72 and number of payments) formula
T
N
P
Precision

Formula code

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References

  1. Wikepedia:Felix`s Corollary to the Rule of 72.

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