# [SOLVED] Algebra homework - please check if right -&gt;

• Aug 14th 2008, 02:29 PM
Neenoon
[SOLVED] Algebra homework - please check if right -&gt;
MMMMMMMMi3
VF = PV (1 + E mmI N)
mmmmmmmmj=2mmj j

if,
Pv=2000$I1=9% N1=1 month I2=6% N2=2 months I3=8% N3=3 months find VF VF = 2000(1+(0.09x1/12) + (0.06x2/12) + (0.08x3/12)) VF = 2000(1+0.0075+0.01+0.02) VF = 2000(1.0375) VF = 2075 **************** I'm hoping I got it right, but something is bugging me. Thanks a whole bunch, (p.s. I tried writing using the codes and couldn't figure it out, is there a website or FAQ on this? (Worried) • Aug 14th 2008, 02:33 PM Chop Suey I'm sorry, your writing is sort of not clear. Learn LaTeX, it doesn't take much time before you grasp everything. Here's a tutorial: http://www.mathhelpforum.com/math-he...-tutorial.html • Aug 15th 2008, 02:41 AM Neenoon Thank you so much I will do that ASAP. • Aug 15th 2008, 04:24 AM Neenoon This is not perfect but it should be more readable.$\displaystyle
VF = PV (1 + \sum_{j\ = \ 2}^3 I_{j} N_{j})$IF:$\displaystyle
PV = 2000\
$\displaystyle I_{1} = 9\%$
$\displaystyle N_{1} = 1 month$
$\displaystyle I_{2} = 6\%$
$\displaystyle N_{2} = 2months$
$\displaystyle I_{3} = 8\%$
$\displaystyle N_{3} = 3months$

find VF

VF = 2000(1+(0.09x1/12) + (0.06x2/12) + (0.08x3/12))

VF = 2000(1+0.0075+0.01+0.02)

VF = 2000(1.0375)

VF = 2075

****************

I'm hoping I got it right, but something is bugging me.

Thanks a whole bunch,
• Aug 15th 2008, 07:37 AM
masters
Quote:

Originally Posted by Neenoon
This is not perfect but it should be more readable.

$\displaystyle VF = PV (1 + \sum_{j\ = \ {\color{red}1}}^3 I_{j} N_{j})$

IF:
$\displaystyle PV = 2000\$
\displaystyle
I_{1} = 9\%
\displaystyle
N_{1} = 1 month
\displaystyle
I_{2} = 6\%
\displaystyle
N_{2} = 2months
\displaystyle
I_{3} = 8\%
\displaystyle
N_{3} = 3months
\$

find VF

VF = 2000(1+(0.09x1/12) + (0.06x2/12) + (0.08x3/12))

VF = 2000(1+0.0075+0.01+0.02)

VF = 2000(1.0375)

VF = 2075

****************

I'm hoping I got it right, but something is bugging me.

Thanks a whole bunch,

Using the corrected future value formula, looks good to me.
• Aug 19th 2008, 12:52 PM
Neenoon
Thank you and I'm sorry for writing it wrong, I'd actually copy it wrong on my homework... duh

(Doh)