Present Value, Future Value, Rate

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Originally Posted by neverlosehope

OK all the problem i have read it'a ll about
a person indebted or signed a loan for $.... that was due it's p & we need to get m
& all the problems that say a person borrowedn on whatever any day it's m & we need to get p

is that a standred

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no, P is always what is borrowed. Whatever we sign a loan for that's P. M is what we should pay afterward, it's what's due after the interest is applied

ok so what is indebyed is m & we need to get p
& what is signed or borrowed it's p & we need to get m

Is that right????

Quote:

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Originally Posted by neverlosehope

ok so what is indebyed is m & we need to get p
& what is signed or borrowed it's p & we need to get m

Is that right????

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yes. but we don't actually know what we need to get, we have to read the question to see what it asks for

so, if a person indebted so it's M & we need to get p
& if a person borrowed or signed a loan so it's p & we need to get M

Is that what u mean???

Quote:

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Originally Posted by neverlosehope

so, if a person indebted so it's M & we need to get p
& if a person borrowed or signed a loan so it's p & we need to get M

Is that what u mean???

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I am saying what is a person is indebted is M and what they borrowed was P. we have to read the question to know what we need to get.

it is not every question that gives us P asks us to find M or every question that gives us M asks us to find P.

Just know what M and P is, and then read the question to see what you need to get

Ok i got i got thank u soo much :o