The effective annual rate (EAR) is calculated as follows:
EAR = (1 + Periodic interest rate)m – 1 EAR = (1 + 0.03/365)365 – 1 EAR= (1.03045) – 1 = 0.030453 ≈ 3.0453%.
Solving for N on a financial calculator results in (where FV is future value and PV is present value):
(1 + 0,030453）N = FVN/PV = (¥1,000,000/¥250,000）So,N = 46.21 years, which multiplied by 12 to convert to months results in 554.5, or ≈ 555 months.如何求出n以及如何使用金融计算器计算出n？
