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Thread: math problem

  1. #1
    i need some help on how to solve this problem.my teacher gave me this problem but i have no idea what to do.here is the problem,A young man is the beneficiary of a trust fund established for him 21 years ago at his birth.if the original amount placed in trust was $10,000,how much will he recive if the money has earned interest at the rate of 8%per year annually?compounded quarterly?compunded monthly?

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    Virtualbody1234's Avatar Forum Star BT Rep: +2
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    DarthInsinuate's Avatar Died in battle
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    spaceulate your puncuatations in future, por favour

    "per year annually" <- tautology (i over use that word don't i?)

    10000 / 100 * 8

    10000 / 100 * 8 / 4

    10000 / 100 * 8 / 12

    i'm too lazy to work out the question or read it
    Last edited by DarthInsinuate; 09-12-2005 at 10:28 PM.
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    tesco's Avatar woowoo
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    Read your textbook it will have a formula to use...
    I did that stuff last year, it's so easy once you have the formula.

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    Guillaume's Avatar Kentish old lady BT Rep: +8BT Rep +8
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    NikkiD's Avatar Yen?
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    Oh crap, finite math. I hated that freaking course.

    FV = PV(1 + i/m)mt

    FV - future value
    PV - present value
    i - rate of interest
    m - number of times per year interest is compounded
    t - number of years until maturity of the investment

    I think that's right.

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    Rat Faced's Avatar Broken
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    Quote Originally Posted by NikkiD
    Oh crap, finite math. I hated that freaking course.

    FV = PV(1 + i/m)mt

    FV - future value
    PV - present value
    i - rate of interest
    m - number of times per year interest is compounded
    t - number of years until maturity of the investment

    I think that's right.
    And to think i started off just lusting after your body... *sigh*

    An It Harm None, Do What You Will

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    NikkiD's Avatar Yen?
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    Quote Originally Posted by Rat Faced
    Quote Originally Posted by NikkiD
    Oh crap, finite math. I hated that freaking course.

    FV = PV(1 + i/m)mt

    FV - future value
    PV - present value
    i - rate of interest
    m - number of times per year interest is compounded
    t - number of years until maturity of the investment

    I think that's right.
    And to think i started off just lusting after your body... *sigh*
    You wouldn't want my body right now. It's covered in grass still, cause I'm too tired to go shower. Prolly should though, to see if I actually got more tanned or if it's all just dirt.

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    Rat Faced's Avatar Broken
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    Quote Originally Posted by NikkiD
    Quote Originally Posted by Rat Faced

    And to think i started off just lusting after your body... *sigh*
    You wouldn't want my body right now. It's covered in grass still, cause I'm too tired to go shower. Prolly should though, to see if I actually got more tanned or if it's all just dirt.
    Oh i dont know...

    Maybe im *some odd word Jonno will supply*-sexual..

    An It Harm None, Do What You Will

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    NikkiD's Avatar Yen?
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    Quote Originally Posted by Rat Faced
    Quote Originally Posted by NikkiD

    You wouldn't want my body right now. It's covered in grass still, cause I'm too tired to go shower. Prolly should though, to see if I actually got more tanned or if it's all just dirt.
    Oh i dont know...

    Maybe im *some odd word Jonno will supply*-sexual..
    Enviro-sexual?

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