Results 1 to 4 of 4

Math Help - Math of Finance annuities

  1. #1
    Member
    Joined
    Nov 2009
    Posts
    81

    Question Math of Finance annuities

    We had deposited V $ quarterly in a savings account first deposit at April 15
    2000 to earn $ 20 000 at January 15, 2006, at interest rates of 10 (4)%.
    (i) Calculate V.
    (ii) Aprμes payment of the January 15, 2004 the interest rate is now 8 (4)%. Calculate
    the new quarterly installments W $ to be deposited in the account during the next 2 years
    first payment April 15, 2004, a new interest rate to ensure the balance
    requires $ 20 000 in the account on January 15, 2006.
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,069
    Thanks
    65
    Was the problem in French, and you translated it?
    If so, please ask someone to help you with your English:
    your translation is quite difficult to follow.
    What does 10(4)% and 8(4)% mean?
    What does "to earn $20,000" mean: earn in interest, or end up with?
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Member
    Joined
    Nov 2009
    Posts
    81
    10(4)% and 8(4)% means 10% every 3 months...and 8% means every 3 months

    I meant to accumulate 20000 USD
    Follow Math Help Forum on Facebook and Google+

  4. #4
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,069
    Thanks
    65
    Quote Originally Posted by hebby View Post
    10(4)% means 10% every 3 months...
    10% every 3 months?!! Don't you mean 10/4 = 2.5% every 3 months?

    AGAIN, this is an English site: please post accordingly.
    10(4)% should be: 10% annual compounded quarterly.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Replies: 7
    Last Post: May 26th 2010, 10:46 AM
  2. Personal Finance math review help
    Posted in the Algebra Forum
    Replies: 3
    Last Post: November 17th 2009, 04:17 PM
  3. Personal Finance math review help
    Posted in the Math Topics Forum
    Replies: 1
    Last Post: November 17th 2009, 04:00 PM
  4. can you help me with finance math?
    Posted in the Business Math Forum
    Replies: 3
    Last Post: November 8th 2008, 12:28 AM
  5. Finite Math: Annuities!
    Posted in the Business Math Forum
    Replies: 5
    Last Post: October 16th 2008, 10:22 AM

Search Tags


/mathhelpforum @mathhelpforum