Wednesday

March 4, 2015

March 4, 2015

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?

**Answer this Question**

**Related Questions**

math - The Question is: The value of a new car depreciates at a rate of 12% per ...

Math - Nico is saving money for his college education. He invests some money at ...

Maths - Sophia's monthly salary is $2300. She gives $500 to her parents and ...

math - A school sells tickets for a show, (a) adult tickets and (c) child ...

Chemistry - Titrations - What volume (mL) of 0.2650 N H3PO4 is required to ...

Math - Given info: arc length = 65 m formula for arc length: s=rø s = 2pi r ...

math - What is the value of an initial investment of $2300 after twelve years ...

Physics - Car 1 going northward (direction 90 degrees) at 14 m/s in an SUV ...

Math - Marvin was supposed to make three payments of $2000 each—the first one ...

math - Value of a new car depreciates at a rate of 12% per year. Approximately ...