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Monthly fixed investment fund 1500, fixed investment 15, annualized income of 8%. How much money was there in the end? Please write the formula and calculation results.
The calculation of fixed investment income is more complicated, because the income itself is estimated, so the particularly accurate calculation has no practical significance, so as an investment reference, the income of fixed investment can be estimated approximately according to the following formula:

m=a( 1+x)[- 1+( 1+x)^n]/x

M: Expected income.

A: Fixed investment per period.

X: rate of return

N: fixed investment period (n power in the formula)

Pay attention to the matching of A, X and N, and calculate the monthly fixed investment amount, monthly yield and fixed investment month. If it is one year, it will be counted after reunification.

The landlord will make a fixed investment of10.5 million per month (per year10.8 million), with an annual income of 8%. The fixed investment is 15 years.

18000 (1+8%) [-1+(1+8%)15]/8% = 527837 yuan.