05-16-2018, 09:11 AM
Dear all,
I struggle on an approach to solve the following financial calulation:
Given is a saveings plan with a fixed time t[yr], interest rate, static monthly investment and - here comes my issue - an annual bonus which depends on the annual invested money (and so is constant during the whole contract).
I'm now looking on a solution how to calculate the needed interestrate to achive the desired final capital at the end of the contract.
Without this "annual bonus" it is a no-brainer, but with I'm kind of stuck.
Any hints for me?
Regards
Carsten.
I struggle on an approach to solve the following financial calulation:
Given is a saveings plan with a fixed time t[yr], interest rate, static monthly investment and - here comes my issue - an annual bonus which depends on the annual invested money (and so is constant during the whole contract).
I'm now looking on a solution how to calculate the needed interestrate to achive the desired final capital at the end of the contract.
Without this "annual bonus" it is a no-brainer, but with I'm kind of stuck.
Any hints for me?
Regards
Carsten.