# [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.

$
VF = PV (1 + \sum_{j\ = \ 2}^3 I_{j} N_{j})$

IF:
$
PV = 2000\
$

$
I_{1} = 9\%
$

$
N_{1} = 1 month
$

$
I_{2} = 6\%
$

$
N_{2} = 2months
$

$
I_{3} = 8\%
$

$
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.

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

IF:
$
PV = 2000\
$

$
I_{1} = 9\%
$

$
N_{1} = 1 month
$

$
I_{2} = 6\%
$

$
N_{2} = 2months
$

$
I_{3} = 8\%
$

$
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)