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

MMMMMMMMi3
VF = PV (1 + E mmI N)
mmmmmmmmj=2mmj j

if,
Pv=2000$I1=9% N1=1 month I2=6% N2=2 months I3=8% N3=3 months find VF VF = 2000(1+(0.09x1/12) + (0.06x2/12) + (0.08x3/12)) VF = 2000(1+0.0075+0.01+0.02) VF = 2000(1.0375) VF = 2075 **************** I'm hoping I got it right, but something is bugging me. Thanks a whole bunch, (p.s. I tried writing using the codes and couldn't figure it out, is there a website or FAQ on this? 2. I'm sorry, your writing is sort of not clear. Learn LaTeX, it doesn't take much time before you grasp everything. Here's a tutorial: http://www.mathhelpforum.com/math-he...-tutorial.html 3. Thank you so much I will do that ASAP. 4. This is not perfect but it should be more readable.$\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,

5. 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.

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