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April 18, 2014

April 18, 2014

Posted by **Thara!** on Saturday, March 20, 2010 at 3:19pm.

i know: FV=$2300 j=7% m=12 and ?n=36?

i=7%/12

PV=FV(1+i)^-n

PV=2300(1+.07/12)^-36

PV=1865.48

The answer is $1865.45

What i dont understand is how do we get the "n=36"...plz help!!!

- Math! -
**Ms. Sue**, Saturday, March 20, 2010 at 3:21pm18 months + 1.5 years = 36 months

- Math! -
**Thara!**, Saturday, March 20, 2010 at 3:29pmthnx :D!!!

but im confuse because isnt n= mt

m=12

t= 18months?

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