S
sfischer
Member
In section 1.3, the text uses the term A(n) as the accumulation factor - also borne out in the example 2.4 where A(n)=1.15. However in 4.1, the formula seems to use A(n) to be the actual accumulated amount also shown in example 2.9 where A(n) and A(n-1) are the bank balances (or accumulated amounts) as opposed to the accumulation factors. Can someone please help explain - thanks.
Stewart.
Stewart.