Hello,
New member to the website! I have attempted several searches for answers to the request and it looks like none of the threads have an answer to my question.
I am looking for a formula to determine what the total cost of a subscription would be over a given period of years if the following information is known;
Number of Years Subscription may be kept (10 yeas for example)
Price per Subscription Year. (Subscription fee starts at $40,000)
Interest rate for initial period of years-fixed. (first 5 years are locked in at 0%)
Annually adjusted price for Subscription Year based on capped Interest rate for all remaining years after initial locked in rate. (all remaining years are capped at 3% of previous year)
The example should, I believe, total $378,376.40 if the subscription is kept for 10 years and $632,311.83 if the subscription was kept for 15 years.
Thank you,
New member to the website! I have attempted several searches for answers to the request and it looks like none of the threads have an answer to my question.
I am looking for a formula to determine what the total cost of a subscription would be over a given period of years if the following information is known;
Number of Years Subscription may be kept (10 yeas for example)
Price per Subscription Year. (Subscription fee starts at $40,000)
Interest rate for initial period of years-fixed. (first 5 years are locked in at 0%)
Annually adjusted price for Subscription Year based on capped Interest rate for all remaining years after initial locked in rate. (all remaining years are capped at 3% of previous year)
The example should, I believe, total $378,376.40 if the subscription is kept for 10 years and $632,311.83 if the subscription was kept for 15 years.
Thank you,
