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April 16, 2014

Search: Compound Interest : Future Value and Present Value

Number of results: 45,497

compound interest math
calculate the compound interest on an investment of $45,000 at 6% interest compounded quarterly fro 3 years Formula for compound interest: A=P(1+i)^n A=amount at the end of n periods (future value) P=amount invested (present value) i=interest per compounding period. 6% per ...
Monday, July 1, 2013 at 6:46am by MathMate

Finance
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound interest rate?
Wednesday, August 22, 2012 at 1:09am by tisha

math
Interest is calculated with the following formula I=Prt What is the future value ( present value + interrst ) of this account? Present value is $600; interest is 6% Term is 12 years ( Enter your answer as dollars and cents. )
Thursday, November 10, 2011 at 10:59pm by brandon

Contempoary Mthematics
Question8: Using the Present Value Table on page 358 of your text to compute the present value (principal) for an investment with a compound amount of $20,000, a 30 moth term of investment, and a 14% nominal interest rate compound semiannually. Question 9. What is the ...
Thursday, October 3, 2013 at 8:12am by Erica Walden

Future/Present Value Problems
present value = 40000 + 70000(1.08)^-10 = 40000 + 32423.54 = 72423.54 Are you not familiar with the basic formulas for compound interest?
Wednesday, February 25, 2009 at 11:40am by Reiny

Finance
it affects the real cost, either in present value, or in future value. Interest costs reflect in lost value, or lost purchase value in the future.
Thursday, September 30, 2010 at 9:08am by bobpursley

math
Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year? B. Use the future value formula for simple interest to determine the effective annual yield?
Sunday, August 14, 2011 at 5:47pm by marie

business math
We do not know if it is simple or compound interest. Since compounding frequency is not mentioned, we assume it is simple interest. The simple interest formula: Future value = present value(1+ni) n=number of years, i=annual interest So 4,370.91 =PV(1+3*0.03) => PV=4,370.91...
Sunday, June 23, 2013 at 9:23am by MathMate

Math
Find how much must be deposited now (present value) at % simple interest so that in 6 years an account will contain $8958 (future value). present value = $ WHAT FORMULA DO I NEED TO USE TO HELP ME SOLVE THE PROBLEM?
Friday, September 10, 2010 at 2:19pm by AMANDA

Finance
200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and provide an example of when each would be used.
Friday, February 12, 2010 at 8:24pm by Anonymous

Finance
Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and give an example of when each would be used
Thursday, August 13, 2009 at 9:30am by Joseph

Finance
• Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and provide an example of when each would be used.
Friday, December 18, 2009 at 9:38pm by Anonymous

Finance
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.
Monday, November 23, 2009 at 10:28pm by Anonymous

Finance
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.
Saturday, November 28, 2009 at 2:18am by Anonymous

Finance
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.
Saturday, November 28, 2009 at 2:18am by Anonymous

Finance
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.
Monday, November 23, 2009 at 10:28pm by Anonymous

math
As Reiny pointed out, we do not use tables for the past 40 years, so we can only guess what's shown in the tables. My guess would be that the factor is the ratio of future/present values, namely: 1.005^48=1.270489 Note: compound interest is calculated as: future value=present ...
Wednesday, July 3, 2013 at 2:16pm by MathMate

Math
Simple interest is just: Interest = Principle x rate x time be sure to write % as a decimal to 5% = .05 and 3% = .03 You can add your interest to the original value to find the future value. Compounded annually: Future value = P(1+ rate)^time tiffany's problem: Future value = ...
Thursday, February 21, 2013 at 9:33am by JJ

math
I assume 5% is annual interest compounded monthly. Use the compound interest formula: Future value =P((1+r)^n-1)/r where P=monthly payment, =$60 r=interest rate per period = .05/12 n=number of periods = 30*12 then Future value =60*((1+0.05/12)^360-1)/(0.05/12) =49935.52 From ...
Monday, August 15, 2011 at 7:56pm by MathMate

financial 200
Write a 200-300 word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Descrive the characteristics of each concept and provide an example of when each of when each would be used.
Friday, July 23, 2010 at 11:09pm by Chris

Future Value/Present Value Problems
so you want the amount of 600 000 at the end of 15 years at 10% p.a. amount = 600000(1.1)^15 = $ 25 063 348.90 a simple application of the compound interest formula.
Wednesday, February 25, 2009 at 11:38am by Reiny

Finance
Which of the following actions wiling DECREASE the present value of an investment. A. Decrease the interest B. Decrease the future value C. Decrease the amount of time D. All of the above will increase the present value
Sunday, January 19, 2014 at 9:00pm by Anthony

math/accounting
why is it necessary to an annuity present value. Why is the calculation of the present value of any future amount important? Why is the present value of any future amount greater when the discount rate is lower?
Thursday, September 25, 2008 at 7:21pm by Anonymous

finance
Use the following scenario to answer Discussion Question 2. Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (...
Thursday, September 17, 2009 at 8:16pm by Anonymous

Finance
DESCRIPTION OE THE FOUR TIME VALUE OF MONEY CONCEPTS Present value is the value of a cash flow today. Usage when a single cash flow is to be discounted to today’s value. Formula PV = FV / ((1+i) ^n)) Where, PV = Present value FV = Future Value i= interest rate per compounding...
Friday, December 18, 2009 at 9:38pm by Abacus

Economics
Find the future value one year from now of a $7,000 investment at a 3% annual compound interest rate. Also calculate the future value if the investment is made for 2 yeaars?
Monday, August 20, 2012 at 4:32pm by CANDICE

ctu
Calculate the present value of the investments using the compound interest formula over the past 10 years, or n=120 periods (t) at interest rate of i=0.0384/12=0.0032 per period. The monthly payment P=$625 per period, and therefore PV = present value FV = (i.e. future value ...
Monday, December 24, 2012 at 11:04pm by MathMate

math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization.
Saturday, March 2, 2013 at 1:17pm by Andrew

math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization.
Saturday, March 2, 2013 at 1:17pm by Andrew

math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization
Sunday, March 3, 2013 at 8:57am by Andrew

Math 209
1.9%=(1.9)/100 i am not sure that there is an annual interest formula but it might be compounded interest where interest is compounded once a year. the compound interest formula is A=p(1+r/n)^n*t where p is the principle r is the rate n is the compounding period t is the time ...
Monday, August 15, 2011 at 1:22am by johnathon

Finance
Calculating Interest Rate. Find the interest rate implied by the following combinations of present and future values. PresentValue Years Future Value $400 11 $684 $183 4 $249 $300 7 $300 Since you do not state otherwise, I am assuming that your interest rate is compounded ...
Sunday, March 18, 2007 at 11:45pm by Antoinette

Finance
Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years.
Friday, January 13, 2012 at 3:38pm by audrey

math
well, in all of them interest, present value, future value, and inflation costs are always being used.
Saturday, December 11, 2010 at 6:29am by bobpursley

Math
The present value of the money in your savings acct is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in 2 months?
Sunday, May 27, 2012 at 9:55pm by melissa

Compound math
(Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest is compounded daily?
Tuesday, April 19, 2011 at 9:39am by Help

business maths
Compound interest =P[(1+r)^n-1] where P=present value r=rate of interest per period = 0.06/4 = 0.015 n=number of periods = 5*4 = 20 Compound interest =35000(1.015^20-1) =?
Thursday, May 26, 2011 at 6:20pm by MathMate

math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?
Monday, November 15, 2010 at 4:59pm by Anonymous

Math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?
Friday, May 4, 2012 at 4:31pm by Paige

Accounting
On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of compound interest table is...
Wednesday, October 17, 2012 at 8:02pm by Jed

Accounting
On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of compound interest table is...
Wednesday, October 17, 2012 at 8:22pm by Jed

Compound Interest : Future Value and Present Value
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...
Friday, July 24, 2009 at 1:22am by Math

business math-73
Use the Present Value Table on page 358 of your text to compute the present value (principal) for an investment with a compound amount of $20,000, a 30-month term of investment, and a 14% nominal interest rate compounded semiannually. (Points : 2.5)
Saturday, October 5, 2013 at 11:49pm by Minnie

math
The present value of an ordinary annuity is the sum of the present values of the future periodic payments at the point in time one period before the first payment. What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be ...
Monday, November 28, 2011 at 8:20pm by tchrwill

Algebra
Hint:Use the compound interest formula Future=present*(1+i)^n Here Future=40000 n=30 i=0.06 (6%) Solve for Present.
Saturday, June 1, 2013 at 8:21am by MathMate

math
a=16,00, r=11.5%, t=5 years determine the present value, p, you must invest to have the future value, a, at simple interest rate r after time t. round uo to nearest cent
Sunday, August 14, 2011 at 4:53pm by marie

Math
future value = present value e^yr where y = 27 years r = .04 yearly interest rate e^1.08 = 2.945 so 2700 * 2.945 = 7950.63
Wednesday, December 19, 2012 at 3:46pm by Damon

math
Present value = 230,000 Inflation rate, r = 6% p.a. Period, n = 21 Future value = present value * (1 + r)n You should have no problem proceeding from here.
Sunday, July 12, 2009 at 2:07pm by MathMate

present value
The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rate r, is given by P = A (1 + r) -^n. Find the present value that will amount to $50,000 in 20 years at 8% compounded annually.
Monday, July 14, 2008 at 11:11am by Don

Math
5. The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months? A. $424.11 B. $426 C. $422.10 D. $432.60
Friday, May 4, 2012 at 4:31pm by Ahlam

Math
In the future value annuity table at any interest rate for one year, why is the future value interest factor of this annuity equal to 1.00?
Saturday, August 3, 2013 at 5:46am by April

math
Interest, i=9%=0.09 p.a. Future value, S Ordinary annuity for 6 years, n=6 yearly payment, R = $20,000 Find future value when child will be 24 years old: S = R((1+i)^n-1)/i = $20,000*(1.09^6-1)/0.09 = $20,000*(7.523335) = $150,466.69 Present value (when child is 17) P= S/(1+i...
Saturday, April 30, 2011 at 11:40pm by MathMate

math
Use the compound interest formula: Future = Present*(1+r)^n so 32=Present(1.062)^5 Solve for Present.
Sunday, February 26, 2012 at 11:44pm by MathMate

Personal Finance
Aaron wants to put $200.00 per month into an IRA account at 15% for four years. What is he solving for using his financial calculator? A. Present Value B. Future Value C. Interest Rate D. Payment
Friday, October 25, 2013 at 10:37pm by Sharon

ALGEBRA
If the principal P = $900, the rate r = 7 1/2 %, and time t = 1 year, find the following. What is the amount of interest? What is the future value? Ok found I think I found the interest 900x0.075=67.50 is this correct.Now I need help in finding the future value.
Wednesday, November 23, 2011 at 1:34pm by MONICA

math- algebra
Interest for the first year is the principal, P=$900 multiplied by the rate of interest, r=0.045, multiplied by the number of periods, n=1. So interest I=$900*0.045*1=$40.5 The future value is the sum of the interest and the principal. Note that in this case (n=1), the ...
Sunday, July 31, 2011 at 11:49pm by MathMate

Math-- Desperate for help!
Find the amount in an account if $2000 is invested at 6.125%,compounded semi-anually,for 2 years. A. $2,256.49 B. $2,252.50 C. $2,324.89 D. $544,757.84 One of these is the correct answer. I am coming up with (D) 544,757.84 Can you check, because I am probably wrong. You are ...
Sunday, February 25, 2007 at 8:16pm by Hilda

interest
an inheritance will be 20000. the interest rate for the the time value of money is 7%. How much is the inheritance worth now, if it will be received a) in 5 years? b)in 10 years? c)in 20 years I know i'm supposed to use F=P(1+i)^n or P=F(1+i)^-n but I am not sure if the ...
Thursday, April 9, 2009 at 2:00am by jen

fin 200 question
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and ...
Tuesday, July 14, 2009 at 7:29pm by meshelle

Financing and Accounting
The formula I'd use is: FV = PV(1+i)^n, where FV = future value PV = present value i = interest rate per period n = number of periods
Thursday, February 18, 2010 at 5:59pm by Destiney

math
find the present value of the following future amount. 600,000 at 6% compunded semiannually for 25 years what is the present value
Tuesday, April 23, 2013 at 6:57pm by stacy

accounting
I need an understanding of a few matters in my accounting class: 1) what are annuities and why is it necessary to calculate there present value? 2) How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation affect the future ...
Wednesday, March 31, 2010 at 5:25pm by Stumpped on Accounting

math
What you probably did was calculated simple interest for 15 years on $1000 and added to $2200 to give $2650. Compound interest formula are based on the number of periods, n, the interest was compounded. The interest being compounded 4 times a year, so there are 15*4=60 periods...
Friday, September 2, 2011 at 4:48pm by MathMate

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Wednesday, April 13, 2011 at 1:59pm by John

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Wednesday, April 13, 2011 at 10:37pm by George

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Thursday, April 14, 2011 at 8:03am by John

accounting
Ms. Sue, Thank you for the websites. I will look into them. I do have another question for you: I do understand the formulas for future value and present value, but I want to make sure that I am on the right track with this one. Future value: $5,000 compounded quarterly at 6% ...
Wednesday, March 31, 2010 at 5:25pm by Stumpped on Accounting

Math: Present Value
what is the present value of nine annual cash payments of 4 000 to be paid at the end of each year using an interest rate of 6%.
Sunday, January 11, 2009 at 12:11pm by Anonymous

math
Computing future value calculate the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.
Tuesday, January 22, 2013 at 6:52pm by tammy

Finance
Comparing Future Value. Calculate the future value of a retirement account on which you deposit $2000.00 a year for 30 years with an annual interest rate of 7%.
Thursday, April 19, 2012 at 1:20pm by Valarie

Math
How much money must be deposited now at 6% interest compounded semiannually to yield an annuity payment of $4,000 at the beginning of each six-month period for a total of five years answer needs to be rounded to the nearest cent I got $29,440.36 choices are $38,120.80 or $35,...
Thursday, November 22, 2007 at 9:32pm by tchrwill

Math Finite
Use the compound interest formula for n=number of periods R=monthly interest rate, 5.75%/12=0.479167% P=present value of investment = $12000 F=future value of investment = $15000 Then F=ARn 15000=12000(1.00479167)n 1.00479167n = 15000/12000=1.25 take log on both sides n*log(1....
Wednesday, December 8, 2010 at 12:41am by MathMate

bonds, present value concept
Many factors influence present value of bonds. Basically, it is an attempt to combine recent sales data, risk of default, probability of being called, and coupon interest rate compared to anticipated inflation and the prevailing interest rate for similar maturity. If these ...
Wednesday, May 13, 2009 at 8:27pm by drwls

math
The compound interest formula is: 500000=P*(1.076)^15 Solve for P, the present value.
Saturday, July 30, 2011 at 7:44pm by MathMate

personal finances
computing future value. calucale the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.
Saturday, January 28, 2012 at 12:51pm by shanty

financal problems
Computing future value. Calculate the future value of a retirement account in which you deposit 2,000 a year for 30 years with an annual interest rate of 7 percent.
Tuesday, April 24, 2012 at 5:48pm by gina

accouting
5. Compute the price of $3,461,181 received for the bonds by using the tables of present value in Appendix A. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences. Present value of the face amount $ Present value of the ...
Thursday, May 12, 2011 at 10:20am by johnetta

Accounting
Compute the price of $7,936,343 received for the bonds by using the tables of present value in Appendix A. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences. Present value of the face amount $ Present value of the ...
Monday, April 25, 2011 at 8:40pm by Kieran McCamment

Compound interest
What is the future value of $800 invested for 14 years at 11 percent compounded annually
Saturday, May 12, 2012 at 3:28am by Anonymous

accounting
Selling price of a bond: Problem type 1 On December 31, 2008, $140,000 of 9% bonds were issued. The market interest rate at the time issuance was 11%. The bonds pay on June 30 and December 31 and mature in 10 years. Compute the selling price of a single $1,000 bond on December...
Monday, June 13, 2011 at 7:46am by Nick

math
Rob has a balance of 1695$ in his bank account The account pays 2.9% interest per year, compounded annually. The compound interest formula is A=P(1+i)^n A=future value\P=principal/i+interest rate/n=number of payments rods balance will reach 3000$ after how many years?
Thursday, October 3, 2013 at 1:50pm by sam

math
P=principal ($4000) or present value r=interest rate per period (5.2% p.a.= 1.3% per quarter) n=number of periods (3*4 quarters = 12) Amount after 3 years (future value) =P(1+r)^n =4000(1.013)^12 = ?
Sunday, May 15, 2011 at 7:02pm by MathMate

Accounting
I am so confused on how to answer this question given from my instructor. I see many websites that pertain to present value. Is there an explanation somewhere on the internet that would help explain? I googled the question and found"Net present value - Wikipedia, the free ...
Thursday, April 1, 2010 at 12:11pm by Highly confused

math
what formulas do i use for this: Investments Suppose $10,000 is invested at an annual rate of 5% for 10 years. Find the future value if interest is compounded as follows. A) Annually B) Quarterly C) Monthly D)Daily (365 days) In each case, use the formula Future value = ...
Tuesday, June 19, 2007 at 11:46pm by student

finance
Use financial calculator to solve for the interest rate involved in the following future value of an annuity due problem. The future value is $57,000, the annual payment is $7,500, and the time period is six years
Saturday, April 28, 2012 at 2:00pm by Phoebe

math
It requires the solution for R of the following equation, A=PR^n where A=future value = $14000 P=present value = $350 n=number of periods = 30 and R=rate of interest So, we need to solve for R 14000=350R^n take logs log(14000/350)=30log(R) log(R)=log(40)/30=.053402 R=1.1308 ...
Tuesday, April 26, 2011 at 4:55pm by MathMate

Math
Continuous compounding: future value = present value * ert where t=number of periods, and r=rate future value/present value = 2 or ert=2 e0.06t=2 take natural log on both sides, 0.06t = ln(2) t=11.55 years. The rule of 69 ============== In fact, you can apply the rule of 69 ...
Friday, December 10, 2010 at 12:23am by MathMate

Personal Finance
NEED HELP IMMEDIATELY, HAVE UNTIL 10P.M. CENTRAL TO HAVE ANSWERS?? 1.Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $6,000 a year more for the next 40 years. a.What would be the total amount...
Saturday, January 29, 2011 at 10:14am by Marie

Finance
differences between present value and future in time value
Tuesday, November 10, 2009 at 10:39am by soomal

Finance
Present value is an absolute. Future value is uncertain.
Tuesday, November 10, 2009 at 10:39am by Ms. Sue

programming
Having troube with java, i am not a regular programmer, if anybody can help me out writting this program: write a program that takes two numbers from the java console representing, respectively, an investment and an interest rate(you will expect the user to enter a number such...
Thursday, February 4, 2010 at 1:55pm by John

math
Present Value suppose your bank account will be worth $7000 in one year. The interest rate (discount rate) that the bank pays is 8%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only 3%
Monday, July 27, 2009 at 5:16pm by Eloisa

business math
what are the amount and present value of an annuity of $100 paable at the beginning of each quarter fro 15 years if the interest rate is 12% compounded quarterly? Present Value=PMT[(1-(1+i)^-n)/i] Amount = ?????
Monday, March 12, 2007 at 6:31pm by Rom

Accounting
(Present Value) What is the present value of an annuity that pays $250,000 in 30 years if interest accumulates at a rate of 7.5% compounded semiannually? (i.e. How do you have to pay NOW for the policy? You make no payments other than your lump sum payment.)
Tuesday, April 19, 2011 at 9:42am by Page

Math
Use the present value formula to compute the amount that should be set aside today to ensure a future value of $ 2,000 in 1 year if the interest rate is 12% annually, compounded annually. (a) $ 1,776.97 (b) $ 1,765.89 (c) $ 1,785.72 (d) $ 1,786.97 (e) $ 1,768.97
Thursday, November 3, 2011 at 8:20pm by Paul

math
A=PR^6 (calculate future value from present value P) R^6=A/P=3 (triple) R=3^(1/6) (sixth root of 3)
Wednesday, May 4, 2011 at 6:44pm by MathMate

math
What type of problem is this? amortization future value?present value? sinking fund? formula...
Tuesday, December 3, 2013 at 4:59pm by Lynda

finite math
Split the problem in two parts, 25 years and 18 years. The interest rate is known for the first part (7% p.a. or per month?) and compounded monthly. So the future value after 25 years is determined, say A. Assuming A<400,000=target, subtract remaining future value B=400,000...
Saturday, April 30, 2011 at 6:18pm by MathMate

Finite Math
Use the compound interest formula for n=number of periods = 5*12 = 60 R=monthly interest rate, 1.01 for 1% P=present value of investment = $2000 F=future value of investment = $3500 Then F=ARn 3500=2000R60 rearrange Rn = 3500/2000 = 1.75 Take log on both sides 60*log(R)=log(1....
Tuesday, December 7, 2010 at 11:50pm by MathMate

Help math calc
Find the future value of $700 deposited at 3% for 9 years if the account pays simple interest and the account pays compounded annually? The future value of an account that pays simple interest is what?
Thursday, February 21, 2013 at 9:48am by Tiffany

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