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Math Help - [SOLVED] Algebra homework - please check if right ->

  1. #1
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    Question [SOLVED] Algebra homework - please check if right ->

    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?
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  2. #2
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    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
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  3. #3
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    Thank you so much I will do that ASAP.
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  4. #4
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    This is not perfect but it should be more readable.

     <br />
VF = PV (1 + \sum_{j\ = \ 2}^3 I_{j} N_{j})

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

    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,
    Last edited by Neenoon; August 15th 2008 at 04:39 AM.
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  5. #5
    A riddle wrapped in an enigma
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    Quote Originally Posted by Neenoon View Post
    This is not perfect but it should be more readable.

     <br />
VF = PV (1 + \sum_{j\ = \ {\color{red}1}}^3 I_{j} N_{j})

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

    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.
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  6. #6
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    Thank you and I'm sorry for writing it wrong, I'd actually copy it wrong on my homework... duh

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