Final Value of Rente Post Numerando

Rente post numerando is the rent paid at the end of the period, so the final installment is not subject to interest.

Formula of Rente Post Numerando

Information :
FS = Final Value
C = Capital at the beginning of the period
i = Percentage of interest per period
n = Period period

Example Question of Rente Post Numerando

At the end of each year my father kept his money in the ABC bank for $800,000 for 25 years. If the bank earns 5% interest/years, determine the total amount of Dad's deposits!

Answer:
C = $800,000
i = 5%/year = 0.05/year
n = 25 years

So the total amount of Father's savings is $38,181,679.05.

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