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.

$
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,

5. 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.

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