Simplify the formula

January 30, 2007 3:01am CST
Is there any way to simplify y = (p(1+x)^n))/(1+ (1+x)^(n-1)) Pls let me know if there is a way
1 response
@hobohobo (681)
• Indonesia
30 Jan 07
i hope it more simple for you : 1. y = [p(x+1)^n .(x+1)]/ [(x+1) + (x+1)^n] 2. y = 1 / [ 1/(p(x+1)) + 1/(p(x+1)^n)] sorry i can make more simple again, hope useful for you
• India
31 Jan 07
I got the formula when I tried to solve the following problem. If n is value is more, it is too hard to calculate it by hand. A retired man has $800000 invested at 8% annual rate. He would like to be able to take a certain amount of money once a year during 24 years until all the money is gone. Calculate the amount of money he will be getting annually.