math problem

[Gripper]

Pervy-sexyal

[Rat Faced]

Pervy-sexyal

Pervertion: Deviating from what is considered right and correct


That means that everyone not turned on by Nikki, at any time, is perverted

[Jon L. Obscene]

Oh i dont know...

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

Intelody -sexual

Jonno

[Barbarossa]

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.

Almost...

FV = PV(1 + i/m)^mt ... where "^" indicates an exponent, or power.

So... answers are:

1). (Annual compound interest) : 10000 * (1.08)^21 = $50338.34
2). (Quarterly compound interest) : 10000 * (1.02)^(21*4) = $52773.32
3). (Monthly compound interest) : 10000 * (1.00666)^(21*12) = $53357.25

[johnq86]

thnax!