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See discussion for more info... | See discussion for more info... | ||
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| + | The above integral is incorrect. I forgot to add the investment again and again at each period. Otherwise, I should have got a simple exponential I guess. --[[User:Gbrizend|Gary Brizendine II]] | ||
---[[User:Gbrizend|Gary Brizendine II]] | ---[[User:Gbrizend|Gary Brizendine II]] | ||
Revision as of 10:01, 3 October 2008
First off, this is not part of homework. This equation (if I did it right) is the summation of an investment 'A' that gains interest over period 'p' and time 't' in years. The investment 'A' is added every period. I originally got $ A \sum_{t=0}^{n} \frac{r^t}{p^{t}} dt $, but I wanted to turn it into an integral and pulled out a $ \frac{t}{p} $ so I would have a dt. That led me to the integral below. Does it make sense and does anyone know how to integrate the problem?
Integrate this:
$ A \int_{0}^{n} \frac{r^t}{t*p^{t-1}} dt $
I searched how to do it on matlab, but could not find it. Then, I found this website on Wolfram. It integrates it using mathematica. Here is what it got:
p*Ei(x(log(r)-log(p)))
Note: $ Ei(x) = \int_{x}^{\infty} \frac{e^{-t}}{t} dt $
I don't know how to use this integral, but I did some manipulation and got this:
$ Total = \frac{A[(r+1)^{t+1}-(r+1)]}{r} $
or...
$ Total = Ae^{(t+1)\ln{(i+1)}}-\frac{A(i+1)}{i} $
See discussion for more info...
The above integral is incorrect. I forgot to add the investment again and again at each period. Otherwise, I should have got a simple exponential I guess. --Gary Brizendine II ---Gary Brizendine II
